Golden Krust Caribbean Restaurant

Caribbean food
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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$213K - $676K
Units as of 2023
111 Increase 1.8% over 3 years

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.

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Company Overview

About Golden Krust Caribbean Restaurant

Industry Food
Related Categories Miscellaneous Quick-Service Restaurants, Baked Goods
Founded 1989
Parent Company Golden Krust Franchising Inc.
Leadership Zehra Sheriff, Interim CEO
Corporate Address 399 Knollwood Rd., #117
White Plains, NY 10603
Social Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since 1996 (28 years)
# of employees at HQ 232
Where seeking

This company is offering new franchises in the following US states: Connecticut, District of Columbia, Florida, Georgia, Illinois, Massachusetts, Maryland, North Carolina, New Jersey, New York, Pennsylvania, Texas

# of Units 111 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Golden Krust Caribbean Restaurant franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$40,000
Initial Investment Information Circle
$212,600 - $675,900
Net Worth Requirement Information Circle
$500,000
Cash Requirement Information Circle
$200,000
Veteran Incentives Information Circle
$10,000 off royalty and ad fees
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
1.5%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Golden Krust Caribbean Restaurant has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 120 hours
Classroom Training 40 hours
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
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 8-8
Are exclusive territories available? Information Circle
No
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Franchise 500 Ranking History

Compare where Golden Krust Caribbean Restaurant landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

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Updated: December 12th, 2022