What was the net change in the total number of Golden Krust Caribbean Restaurant outlets during 2021?
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, the total number of outlets experienced a net increase of 2 during 2021. Specifically, the number of total outlets started at 108 at the beginning of 2021 and ended the year at 110.
Of these outlets, the number of franchised locations increased by 2, going from 105 at the start of 2021 to 107 by the end of the year. The number of company-owned outlets remained constant at 3 throughout 2021.
This information is valuable for prospective franchisees as it provides a snapshot of the brand's growth and stability over the past few years. A positive net change in total outlets, as seen in 2021, can be interpreted as a sign of a healthy and expanding franchise system. However, it's important to consider these figures in conjunction with other data in the FDD, such as outlet closures and transfers, to gain a comprehensive understanding of the franchise's performance.