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Golden Krust Franchising Inc.

2012 Franchise 500
#402
At a Glance

Products & Services: Caribbean-style restaurant

Number of Locations: 121

Total Investment: $173.4K - 564K

Founded: 1989

Began Franchising: 1996

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 117 0 0 4
2010 115 0 0 2
2009 115 0 0 6
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, Northeast, New Hampshire, New Jersey, Nevada, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, Southeast, Tennessee, Texas, Utah, Virginia, Vermont, West, Wyoming.
Franchisor is seeking new units in Canada, Eastern Europe.

Startup Costs, Ongoing Fees and Financing

Total Investment: $173,400 - $564,000
Franchise Fee: $15,000 - $25,000
Ongoing Royalty Fee: 3%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $300,000 - $500,000
Liquid Cash Available: $120,000 - $150,000
Operations
25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 8 - 8. Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week+. At franchisee's location: 1 week+. At designated operating store : 1 week.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Radio, TV, newspapers, magazines, billboards

Franchise Ranking History

Franchise 500®: #402 (2012), #267 (2011), #301 (2008),