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Franchise: Golden Krust Franchising Inc.

Initial Investment
LOW:$173,400
HIGH: $564,000
Change in Units
+1.8% +2 UNITS (1 Year)
+8.4% +9 UNITS (3 Years)

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Training Onsite: 1 week

Training at headquarters: 2 weeks

Additional Training: At designated operating store

Absentee Ownership Allowed

Number of employees required to run: 8 - 8

About Golden Krust Franchising Inc.

Inspired by Hawthorne & Son's Bakery, started by his parents in St. Andrew, Jamaica, Lowell Hawthorne, his wife Lorna and four siblings and their spouses pooled their resources in 1989 to open the first Golden Krust in Bronx, New York. By 1996, they had 17 restaurants, all in New York City, and decided to expand further through franchising. Today the company has locations throughout the Northeast and Southeast, all serving its Jamaican and Caribbean meals. Golden Krust products are also sold in supermarkets, hospitals, schools, correctional institutions and other retail outlets.

Founded

1989

Franchising Since

1996 (21 Years)

Corporate Address

399 Knollwood Rd., #117 White Plains, NY 10603

CEO

Lowell Hawthorne

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states:
Franchisor is seeking new units in the following regions/states: See List

Financial Requirements

Initial Investment

$173,400 - $564,000

Net-worth Requirement

$500,000

Liquid Cash Requirement

$150,000

Ongoing Fees

Initial Franchise Fee

$25,000 - $25,000

Ongoing Royalty Fee

3%

Ad Royalty Fee

2%

Financing Options

Veteran Incentives


$10,000 off franchise fee

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: June 7th, 2017

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