What were the total Bakery sales to Golden Krust Caribbean Restaurant owned restaurants in 2022?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
e functions and resources are shared between the two companies. These general and administrative expenses, charged to selling, gene
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, Bakery sales to company-owned restaurants aggregated approximately $922,000 during 2022. This indicates the revenue generated by Golden Krust Caribbean Bakery, Inc. from supplying food and beverage products to the restaurants that are owned and operated directly by Golden Krust Caribbean Restaurant.
For a prospective franchisee, this figure highlights the reliance of company-owned stores on the related Bakery for their product supply. It also provides insight into the scale of transactions between the company and its related entities. Understanding these related-party transactions can be crucial for assessing the financial health and operational dependencies within the Golden Krust Caribbean Restaurant system.
It's important to note that the Bakery also supplies products to franchisees. While the $922,000 figure only reflects sales to company-owned restaurants, it suggests that the Bakery plays a significant role in the overall supply chain for the entire Golden Krust Caribbean Restaurant network. A potential franchisee should consider how this relationship might affect product availability, pricing, and overall operational efficiency.