How many Golden Krust Caribbean Restaurant locations are included in the Third 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 financial performance data is divided into quartiles based on gross sales of 106 franchised locations during the 2023 fiscal year. The document states that the third quartile consists of 27 locations. These locations represent the next 27 highest-grossing franchises after the first and second quartiles.
For a prospective franchisee, this information is useful for understanding the distribution of sales performance across the franchise system. Knowing that the third quartile includes 27 locations provides a sense of how many franchises fall into this particular performance range. However, it's important to note that this is just one segment of the overall performance data, and individual results may vary.
It is important to consider that the FDD specifies that the data excludes 5 franchised restaurants that were not operated for the entire 2023 fiscal year or did not disclose 100% of their sales. This exclusion might affect the overall representation of financial performance. Prospective franchisees should also remember that the gross revenues are not net of costs of goods sold or other operating expenses, and the FDD does not provide information regarding these costs and expenses.