In which state did Golden Krust Caribbean Restaurant open the most outlets in 2023?
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 | |
| FL | 2021 | 24 | 1 | 0 | 0 | 0 | 0 | 25 |
| 2022 | 25 | 0 | 0 | 0 | 0 | 0 | 25 | |
| 2023 | 25 | 2 | 0 | 0 | 0 | 0 | 27 | |
| GA | 2021 | 17 | 0 | 0 | 0 | 0 | 0 | 17 |
| 2022 | 17 | 0 | 0 | 0 | 0 | 0 | 17 | |
| 2023 | 17 | 0 | 0 | 0 | 0 | 0 | 17 | |
| MD | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| NC | 2021 | 2 | 1 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| NJ | 2021 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| 2023 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | |
| NY | 2021 | 52 | 1 | 0 | 0 | 0 | 1 | 52 |
| 2022 | 52 | 2 | 0 | 0 | 0 | 3 | 51 | |
| 2023 | 51 | 1 | 0 | 1 | 0 | 4 | 47 | |
| TX | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Totals | 2021 | 105 | 3 | 0 | 0 | 0 | 1 | 107 |
| 2022 | 107 | 3 | 0 | 0 | 0 | 3 | 107 | |
| 2023 | 107 | 4 | 0 | 1 | 0 | 4 | 106 |
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, Florida saw the highest number of new franchise openings in 2023. Specifically, two new Golden Krust Caribbean Restaurant locations opened in Florida during that year.
Other states, including Connecticut, New Jersey, and New York, each had only one new Golden Krust Caribbean Restaurant location open. Georgia, Maryland, North Carolina, and Texas did not have any new locations open in 2023, according to the table provided.
This information is valuable for prospective franchisees as it indicates where Golden Krust Caribbean Restaurant is expanding and where there may be more established markets. It is important to note that states not listed in the table had no reported activity, meaning no openings, terminations, or other changes in outlet status.