How many Golden Krust Caribbean Restaurant outlets in Georgia were not renewed in 2023?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
sed Outlets For Years Ending 2021, 2022, and 2023* (Golden Krust Caribbean Restaurant – Traditional Restaurant)**
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| CT | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — LIST OF OUTLETS AND FRANCHISE INFORMATION (FDD pages 32–35)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, there were no non-renewals in Georgia in 2023. The table provided in Item 20 of the FDD details the status of franchised outlets for the years 2021, 2022, and 2023.
Specifically, for Georgia, the table shows that in 2023, there were 17 outlets at the start of the year, 0 outlets opened, 0 terminations, 0 non-renewals, 0 reacquired by the franchisor, and 0 ceased operations for other reasons. This resulted in 17 outlets at the end of the year.
This information is valuable for potential franchisees as it provides insight into the stability and performance of Golden Krust Caribbean Restaurant franchises in Georgia. The absence of non-renewals suggests that franchisees in Georgia are generally satisfied with their franchise agreements and business operations. However, it is important to note that past performance does not guarantee future results, and prospective franchisees should conduct their own due diligence to assess the risks and opportunities associated with investing in a Golden Krust Caribbean Restaurant franchise in Georgia.