What are some of the reasons Golden Krust Caribbean Restaurant might approve a supplier?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
If you want to use any item that does not comply with System Standards or is to be purchased from a supplier that has not yet been approved, you must first submit sufficient information, specifications and samples for our determination whether the item complies with System Standards or the supplier meets approved supplier criteria. We may charge you a reasonable fee to cover the costs we incurs in making this determination and will, within sixty (60) days, notify you of our decision. We will, from time to time, establish procedures for submitting requests for approval of items and suppliers and may impose limits on the number of approved items and suppliers. Approval of a supplier may be conditioned on criteria relating to product quality, frequency of delivery, standards of service and concentration of purchases with one or more suppliers in order to obtain better prices and service and may be temporary, pending our further evaluation of the supplier.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 15–16)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, if a franchisee wants to use a product that doesn't meet the System Standards or purchase from an unapproved supplier, they must submit information, specifications, and samples for Golden Krust Caribbean Restaurant to evaluate. Golden Krust Caribbean Restaurant may charge a fee for this evaluation and will notify the franchisee of their decision within 60 days.
Golden Krust Caribbean Restaurant may establish procedures for submitting approval requests and limit the number of approved items and suppliers. Approval of a supplier may depend on criteria such as product quality, delivery frequency, service standards, and purchase concentration to potentially secure better prices and service. Approvals can be temporary while Golden Krust Caribbean Restaurant further evaluates the supplier.
This process allows Golden Krust Caribbean Restaurant to maintain quality control and consistency across its franchise network. By requiring franchisees to seek approval for new products or suppliers, Golden Krust Caribbean Restaurant can ensure that all items meet their standards and protect the brand's reputation. The potential for temporary approval allows for flexibility while still maintaining oversight.