How many Golden Krust Caribbean Restaurant outlets were operating in Connecticut at the end of 2021?
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 | |
| FL | 2021 | 24 | 1 | 0 | 0 | 0 | 0 | 25 |
| 2022 | 25 | 0 |
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 zero franchised outlets operating in Connecticut at the end of 2021. However, there was one company-owned Golden Krust Caribbean Restaurant operating in Connecticut at the end of 2021.
This means that while there were no franchise locations in the state at that time, the company itself had a presence. A potential franchisee should consider this when evaluating the market and brand recognition in Connecticut. It suggests that the brand was testing the market with a company-owned store before expanding through franchising.
It is important to note that the information is based on the status of outlets as of the end of the fiscal year, December 31, 2023. The document also states that states not listed had no activity to report, so the absence of Connecticut in other tables should not be a concern.
Prospective franchisees should further investigate the performance of the existing company-owned store in Connecticut and the reasons behind the initial decision to operate it as a company-owned location before offering franchises in the state.