Golden Krust Franchising Inc.
Caribbean-style restaurantBackground
Founded: 1989 Franchising since: 1996
Franchisor has 120 employee(s); 10 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, Nevada, New york, Ohio, Oklahoma, Pennsylvania, South carolina, Tennessee, Texas, United states, Utah, Virginia, Vermont, Wyoming
Outside the U.S.: Canada, Eastern europe
|
3958 Park Ave. Bronx, New york 10457 |
Phone: (718)655-7878 |
Franchisor has 120 employee(s); 10 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 115 | 0 | 0 | 6 |
| 2008 | -- | -- | -- | -- |
| 2007 | 110 | 0 | 0 | 1 |
| 2006 | 105 | 0 | 0 | 1 |
| 2005 | 94 | 0 | 0 | 1 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, Nevada, New york, Ohio, Oklahoma, Pennsylvania, South carolina, Tennessee, Texas, United states, Utah, Virginia, Vermont, Wyoming
Outside the U.S.: Canada, Eastern europe
Costs and Fees
|
Total investment: $91.8K-395K Franchise fee: $25K/15K |
Ongoing royalty fee: 3% Term of agreement: 10 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | Yes |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Qualifications
Net worth requirement: $300K-500K
Cash liquidity requirement: $120K-150K
Business Experience:
- Industry experience
- General business experience
- Marketing skills
- Organizational skills
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)
Training and Support
Training
Ongoing Support
Marketing Support
Other marketing support
- 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
Rankings
Franchise 500® rank:
#301 (2008); #241 (2007); #229 (2006);
America's Top Global Franchises:
#171 (2007); #168 (2006);
#301 (2008); #241 (2007); #229 (2006);
America's Top Global Franchises:
#171 (2007); #168 (2006);