How many total Golden Krust Caribbean Restaurant outlets were operating at the end of 2022?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
| OUTLET TYPE | YEAR | OUTLETS AT THE START OF THE YEAR | OUTLETS AT THE END OF THE YEAR | NET CHANGE |
|---|---|---|---|---|
| Franchised | 2021 | 105 | 107 | +2 |
| 2022 | 107 | 107 | 0 | |
| 2023 | 107 | 106 | -1 | |
| Company | 2021 | 3 | 3 | 0 |
| Owned | ||||
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 2 | -1 | |
| Total Outlets | 2021 | 108 | 110 | +2 |
| 2022 | 110 | 110 | 0 | |
| 2023 | 110 | 108 | -2 |
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, at the end of 2022, there were a total of 110 outlets. This total is comprised of both franchised and company-owned locations. Specifically, there were 107 franchised outlets and 3 company-owned outlets.
For a prospective franchisee, this indicates the overall size and stability of the Golden Krust Caribbean Restaurant system. A larger number of outlets can suggest a more established brand with greater market presence. However, it's important to consider the distribution of these outlets across different states and the rate of growth or decline in recent years.
It is also important to note that while the total number of outlets remained constant from 2022 to 2023, there were some changes within the system, such as a decrease in company-owned stores and fluctuations in franchised locations in specific states. This information can be valuable in assessing the health and dynamics of the franchise network.