What does Golden Krust Caribbean Restaurant's recommendation or approval of the Premises indicate?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
You acknowledge and agree that our recommendation or approval of the Premises, and any information regarding the Premises communicated to you, do not constitute a representation or warranty of any kind, express or implied, as to the suitability of the Premises for a Golden Krust Restaurant or for any other purpose. Our recommendation or approval of the Premises indicates only that we believe that the Premises falls within the acceptable criteria for sites and premises. Application of criteria that have appeared effective with respect to other sites and premises may not accurately reflect the potential for all sites and premises, and, after our approval of a site, demographic and/or other factors include in or exclude from our criteria could change, thereby altering the potential of a site and premises. The uncertainty and instability of such criteria are beyond our control, and we will not be responsible for the failure of a site and premises we have recommended or approved to meet expectations as to potential revenue or operational criteria. You acknowledge and agree that your acceptance of the Franchise is based on your own independent investigation of the suitability of the Premises.
Source: Item 22 — CONTRACTS (FDD page 35)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the recommendation or approval of a premises by Golden Krust Caribbean Restaurant does not constitute a warranty of any kind regarding the suitability of the location for a restaurant. It only indicates that the location falls within the acceptable criteria for sites and premises that Golden Krust Caribbean Restaurant finds acceptable.
Golden Krust Caribbean Restaurant states that the application of criteria that have appeared effective with respect to other sites and premises may not accurately reflect the potential for all sites and premises. Demographic or other factors included in or excluded from their criteria could change after their approval of a site, which could alter the potential of a site and premises.
The document makes it clear that the uncertainty and instability of such criteria are beyond Golden Krust Caribbean Restaurant's control, and they will not be responsible for the failure of a site and premises they have recommended or approved to meet expectations as to potential revenue or operational criteria. The franchisee acknowledges that their acceptance of the franchise is based on their own independent investigation of the suitability of the premises.