How many Golden Krust Caribbean Restaurant locations are included in the Second 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 is based on data from 106 franchised locations that operated for the entire 2023 fiscal year. These locations are divided into quartiles based on their gross sales.
The document states that the second quartile consists of the next 26 franchised locations after the first quartile. This means that the second quartile represents the 26 locations with the 27th to 52nd highest gross sales figures among the 106 reporting franchises.
Prospective franchisees can use this information to understand the distribution of sales performance across the Golden Krust Caribbean Restaurant franchise system. However, it's important to remember that these figures are based on past performance and do not guarantee future results. Individual results may vary, and there is no assurance that a new franchisee will achieve similar sales figures.