How many Golden Krust Caribbean Restaurant outlets opened in Florida during 2023?
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 | |
| FL | 2021 | 24 | 1 | 0 | 0 | 0 | 0 | 25 |
| 2022 | 25 | 0 | 0 | 0 | 0 | 0 | 25 | |
| 2023 | 25 | 2 | 0 | 0 | 0 | 0 | 27 | |
| GA | 2021 | 17 | 0 | 0 | 0 | 0 | 0 | 17 |
| 2022 | 17 | 0 | 0 | 0 | 0 | 0 | 17 | |
| 2023 | 17 | 0 | 0 | 0 | 0 | 0 | 17 | |
| MD | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| NC | 2021 | 2 | 1 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| NJ | 2021 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| 2023 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | |
| NY | 2021 | 52 | 1 | 0 | 0 | 0 | 1 | 52 |
| 2022 | 52 | 2 | 0 | 0 | 0 | 3 | 51 | |
| 2023 | 51 | 1 | 0 | 1 | 0 | 4 | 47 | |
| TX | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Totals | 2021 | 105 | 3 | 0 | 0 | 0 | 1 | 107 |
| 2022 | 107 | 3 | 0 | 0 | 0 | 3 | 107 | |
| 2023 | 107 | 4 | 0 | 1 | 0 | 4 | 106 |
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 2 Golden Krust Caribbean Restaurant outlets opened in Florida during 2023. The table provided in Item 20 includes data regarding the number of outlets opened, terminated, and closed for the years 2021, 2022, and 2023. This information is specific to each state where Golden Krust Caribbean Restaurant has a presence.
Specifically, for Florida, the table shows the progression of Golden Krust Caribbean Restaurant outlets over the three-year period. In 2021, there were 24 outlets at the start of the year, with 1 outlet opening, resulting in 25 outlets by the end of the year. In 2022, there were 25 outlets at the start and end of the year, indicating no new openings or closures during that year. Then in 2023, there were 25 outlets at the start of the year and 2 new outlets opened, bringing the total to 27 outlets by the end of 2023.
This type of historical data is essential for prospective franchisees to understand the growth and stability of the Golden Krust Caribbean Restaurant brand in specific markets. It allows them to assess the potential for success in a particular state based on past performance. Reviewing this data in the FDD helps potential franchisees evaluate the brand's expansion and attrition rates, which can inform their decision-making process.