When is the supplier testing fee due for a Golden Krust Caribbean Restaurant franchise?

According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the supplier testing fee is due 15 days after billing. This fee, which ranges from $500 to $2,000, covers the costs associated with testing new products or inspecting new suppliers that a franchisee proposes.

This means that if a Golden Krust Caribbean Restaurant franchisee wants to introduce a new product or use a supplier not already approved by the franchisor, they will be responsible for covering the costs of testing and inspection. The franchisee will receive a bill for these services and will have 15 days to remit payment.

It is important for prospective franchisees to factor in these potential costs when considering their operating budget. While the fee is only incurred if a franchisee seeks approval for new products or suppliers, it is a mandatory expense at that time. Franchisees should discuss with Golden Krust Caribbean Restaurant what circumstances might trigger this fee and how frequently it is typically charged to existing franchisees.