Golden Krust Caribbean Restaurant logo

Golden Krust Caribbean Restaurant

Jamaican food

Investment

$212,600

Initial Franchise Fee

$40,000

Units

104

Growth Rate

-3%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Food
Founded 1989
Franchising Since 1996
Parent Company Golden Krust Franchising Inc.
Leadership Daren Hawthorne, President, Restaurants
# of Employees at HQ 232

Units and Growth Chart

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About Golden Krust Caribbean Restaurant

Golden Krust is a chain of restaurants that has been sharing the taste of the Caribbean since 1989. It strives to be known as the home of the world’s best-tasting patties, jerk chicken, and fresh, homemade soup. Founded by the Hawthorne family, it has gained popularity across the country.

In 1996, the Hawthornes began franchising the Golden Krust Carribean Restaurant. Today, more than 100 restaurants are operating in the United States. There are restaurants in California, Connecticut, District of Columbia, Florida, Georgia, Illinois, Maryland, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia. 

Why You May Want to Start a Golden Krust Caribbean Restaurant Franchise

Golden Krust is the largest authentic maker of Caribbean cuisines. They've been in operation for over three decades and have a heritage of unmatched recipes. 

The Golden Krust team does its best to support its franchisees. They provide support through training, site selection, and assistance in selecting and purchasing or leasing equipment. The Golden Krust team will provide you with the recipe for the tasty food that has captured their customers over the years.

They also have partnered with third-party services to help franchisees cover expenses including the franchise fee and startup costs, among others.

What Might Make Golden Krust Caribbean Restaurant a Good Choice?

If you want to open up a Golden Krust Caribbean Restaurant, you should make sure you're financially ready for an initial investment including a franchise fee and potential startup costs. You should have enough capital available to cover potential costs. The initial investment will also include advertising fund contributions, training expenses, rent, signage, furniture and equipment, leasehold improvements, and the opening supplies. Franchisees may also need to meet the company's set net worth and liquid capital requirements.

Additionally, as you decide whether you wish to open a Golden Krust Caribbean Restaurant franchise, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

How to Open a Golden Krust Caribbean Restaurant Franchise

The process of owning a Golden Krust franchise is simple and direct. The first step is to express your interest in the opportunity by submitting your general inquiry. You will get the Golden Krust Franchise Disclosure Document for you to review and make an informed decision. 

After this, you may have an opportunity to meet the Golden Krust leadership team. They will address any questions you may have about the franchise and the details surrounding the Franchise Disclosure Document. If the brand chooses to move forward with you, you may be invited to attend the Golden Krust discovery day.

The discovery day may include a tour of the facility. You may then proceed with signing a franchise agreement if they extend the offer to you. The commitment you make will be for ten years, and renewing the contract is optional. As common with other restaurants, you will open a Golden Krust Caribbean Restaurant that provides a unique, fun-filled, and Caribbean-themed experience to your patrons.

Investment Details

Initial Franchise Fee $40,000
Initial Investment $212,600 - $775,900
Cash Requirement
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Term of Agreement
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Financing
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Available Territories

Franchising opportunities available in the following regions

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Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
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Classroom Training
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Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

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Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
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Can this franchise be run from home/mobile unit?
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Can this franchise be run part time?
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# of employees required to run
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Are exclusive territories available?
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Veterans program
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Ranking History

Golden Krust Caribbean Restaurant performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022