What was the net cash used by investing activities for Golden Krust Caribbean Restaurant in 2023?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
nd 2022.
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GOLDEN KRUST FRANCHISING, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2023 AND 2022
| 2023 | 2022 | ||
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net Income | $ | 82,149 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the net cash used by investing activities in 2023 was $25,444. This figure represents the total cash outflow related to the company's investments during that year. Specifically, it reflects the purchases of property and equipment.
For a prospective franchisee, understanding the investing activities of the franchisor can provide insights into how Golden Krust Caribbean Restaurant is allocating its resources for long-term growth and infrastructure. Significant investments in property and equipment might indicate an expansion phase or an effort to modernize existing operations. However, it's important to note that these figures reflect the franchisor's activities and may not directly correlate with the investment needs of an individual franchise unit.
It is worth noting that the net cash used by investing activities was similar in 2022, with a total of $21,215. This suggests a consistent pattern of investment in property and equipment by Golden Krust Caribbean Restaurant over the two-year period. Franchisees should consider these trends in conjunction with other financial metrics to assess the overall financial health and strategic direction of the company.