How many Golden Krust Caribbean Restaurant outlets were operating in Maryland at the end of 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 2 outlets operating in Maryland at the end of 2023. The provided table shows 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 the years 2021, 2022, and 2023.
Specifically, for Maryland, the table indicates that in 2021 there were 2 outlets at the start of the year, no outlets opened, no terminations, no non-renewals, no outlets reacquired by the franchisor, and no outlets that ceased operations for other reasons, resulting in 2 outlets at the end of the year. The same numbers are reported for 2022. In 2023, there were 2 outlets at the start of the year, with no changes in any of the listed categories, leaving 2 outlets at the end of the year.
This information is useful for prospective franchisees as it provides a historical view of the number of Golden Krust Caribbean Restaurant locations in Maryland. It shows stability in the market with no openings or closures during the period from 2021 to 2023. This data can help potential franchisees assess the brand's presence and performance in the state.