How many Golden Krust Caribbean Restaurant outlets opened in Connecticut during 2022?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 was one outlet opened in Connecticut during 2022. The table provided in Item 20 outlines the status of franchised outlets for the years 2021, 2022, and 2023. This table specifically tracks the number of outlets at the start of the year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this information is valuable in understanding the growth and stability of the Golden Krust Caribbean Restaurant brand in specific states. The data helps to identify markets where the franchise is expanding or contracting, which can inform their decision on where to invest. It is important to note that the table only reflects the activity of franchised outlets and does not include information on company-owned stores.
The table shows that in 2021, there were no outlets at the start of the year in Connecticut, and no outlets opened, resulting in zero outlets at the end of the year. In 2022, one outlet opened, bringing the total to one outlet at the end of the year. In 2023, no outlets opened or closed, so the total remained at one. This detailed breakdown allows potential franchisees to assess the brand's performance and trajectory in Connecticut over these three years.
Overall, the information presented in Item 20 provides transparency regarding the franchise's expansion and changes in outlet status, which is crucial for prospective franchisees in evaluating the potential risks and opportunities associated with investing in a Golden Krust Caribbean Restaurant franchise.