How many Golden Krust Caribbean Restaurant locations are included in the Fourth Quartile?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
Specifically, the information in the four tables is organized into four quartiles ("Quartiles") which were determined based on the Gross Sales generated by those respective 106 franchised locations during the 2023 fiscal year in descending order. The first quartile is comprised of the 26 franchised locations that generated the most Gross Sales during the 2023 fiscal year ("First Quartile"); the second quartile is comprised of the next 26 franchised locations ("Second Quartile"); the third quartile is comprised of the next 27 locations ("Third Quartile"); and the fourth quartile is comprised of the remaining 27 locations ("Fourth Quartile").
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 29–32)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the Item 19 financial performance representation organizes franchised locations into quartiles based on their gross sales during the 2023 fiscal year. These quartiles help prospective franchisees understand the range of financial performance among existing locations.
The document states that the Fourth Quartile consists of 27 locations. These 27 locations represent the restaurants with the lowest gross sales figures out of the 106 fully-reporting franchised locations analyzed for the 2023 fiscal year.
It is important to remember that these figures are based on past performance and do not guarantee future results. A prospective franchisee should carefully consider all factors, including location, market conditions, and their own management skills, when evaluating the potential financial performance of a Golden Krust Caribbean Restaurant franchise.