To whom are payments for furniture, fixtures, and equipment made when opening a Golden Krust Caribbean Restaurant?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
| YOUR ESTIMATED INITIAL INVESTMENT | ||||
|---|---|---|---|---|
| Golden Krust Caribbean Restaurant (Traditional Restaurant) or Jerk ‘N Patties Restaurant | ||||
| Type of Expenditure | Type of Expenditure Amount | When Due | To Whom Payment Is To Be Made | |
| Furniture, Fixtures | $48,000- | As Agreed | As Vendors | Outside Vendors |
| and Equipment3 | $98,000 | Require |
This item includes sinks, refrigerators, ovens, stoves, menu board, fryers, cookers, cooking exhaust and fire suppression system, display cases, tables, chairs, booths, utensils, cash registers, desk, filing cabinets safes, and related office supplies.
The low end of the range assumes that you take over an existing restaurant space with some of these items already in place.
The high end of the range assumes that all new equipment is purchased.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, payments for furniture, fixtures, and equipment are made to outside vendors. The estimated cost for these items ranges from $48,000 to $98,000.
This investment covers essential items such as sinks, refrigerators, ovens, stoves, menu boards, fryers, cookers, cooking exhaust and fire suppression systems, display cases, tables, chairs, booths, utensils, cash registers, desks, filing cabinets, safes, and related office supplies. The variance in cost depends on whether the franchisee takes over an existing restaurant space with some equipment already in place (the lower end of the range) or purchases all new equipment (the higher end of the range).
Prospective franchisees should carefully consider the condition of the restaurant space they intend to lease or purchase. Opting for a location with pre-existing equipment could significantly reduce the initial investment. It is also important to research and compare prices from different vendors to ensure cost-effectiveness while maintaining the standards required by Golden Krust Caribbean Restaurant.