What is the minimum number of Golden Krust Caribbean Restaurant franchised locations included in each quartile?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
Specifically, the information in the four tables is organized into four quartiles ("Quartiles") which were determined based on the Gross Sales generated by those respective 106 franchised locations during the 2023 fiscal year in descending order. The first quartile is comprised of the 26 franchised locations that generated the most Gross Sales during the 2023 fiscal year ("First Quartile"); the second quartile is comprised of the next 26 franchised locations ("Second Quartile"); the third quartile is comprised of the next 27 locations ("Third Quartile"); and the fourth quartile is comprised of the remaining 27 locations ("Fourth Quartile").
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 29–32)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the financial performance data is divided into quartiles based on gross sales of 106 franchised locations during the 2023 fiscal year. The first quartile consists of the top 26 locations. The second quartile also includes 26 locations. The third and fourth quartiles contain 27 locations each.
For a prospective franchisee, this breakdown provides insight into the distribution of sales performance across the franchise system. It demonstrates how the franchisor analyzes performance across its locations. Understanding the number of locations in each quartile helps a franchisee understand the range of potential outcomes.
It is important to note that the quartiles are based on gross sales and do not reflect profitability or other financial metrics. A prospective franchisee should consider these figures in conjunction with other information in the FDD and their own market research to assess the potential financial performance of a Golden Krust Caribbean Restaurant franchise.