Did any Golden Krust Caribbean Restaurant outlets in Connecticut have their franchise agreements terminated in 2021?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 no franchise agreement terminations in Connecticut in 2021. The provided table outlines the status of franchised outlets for various states, including Connecticut, for the years 2021, 2022, and 2023.
Specifically, for Connecticut in 2021, the table indicates the following: there were 0 outlets at the start of the year, 0 outlets opened, 0 terminations, 0 non-renewals, 0 outlets reacquired by the franchisor, and 0 outlets that ceased operations for other reasons. Consequently, the number of outlets at the end of the year remained at 0.
This data point is crucial for prospective franchisees as it provides insight into the stability and performance of Golden Krust Caribbean Restaurant franchises in Connecticut. A history of terminations or closures could signal potential challenges or risks associated with operating a franchise in that particular state. The absence of terminations in 2021 may be viewed positively, although further investigation into more recent years and the reasons for any closures would provide a more comprehensive understanding.