What was the total franchise revenues for Golden Krust Caribbean Restaurant in 2021?

According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the total franchise revenues for the year ending December 31, 2021, were $4,123,205. This figure represents the combined income from royalties, advertising charges, and franchising fees that Golden Krust Caribbean Restaurant collected from its franchisees.

Specifically, the revenue streams contributing to this total include $3,041,453 in royalties, which are ongoing fees franchisees pay based on a percentage of their sales. Additionally, $982,160 came from advertising charges, which are contributions franchisees make to the advertising fund. Finally, Golden Krust Caribbean Restaurant generated $99,592 from franchising fees, typically initial payments made by new franchisees to join the system.

For a prospective franchisee, understanding the breakdown of these revenue streams is crucial. It highlights how Golden Krust Caribbean Restaurant generates income and provides insight into the costs franchisees can expect to pay in royalties and advertising contributions. Reviewing these figures over multiple years, as presented in the FDD, can help potential franchisees identify trends and assess the financial stability of the franchise system.