Golden Krust Franchising Inc.

Golden Krust Franchising Inc.

Golden Krust Franchising Inc.
#466

Initial Investment

LOW: $173,400
HIGH: $564,000

Change in Units

+1.8% +2 UNITS (1 Year)
+6.1% +7 UNITS (3 Years)

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Company Profile

Founded

1989

Franchising Since

1996 (20 Years)

Corporate Address

3958 Park Ave. Bronx, NY 10457

CEO

Lowell Hawthorne

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.

Financials

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

Ongoing Royalty Fee

3%

Ad Royalty Fee

2%

Financing Options

Veteran Incentives


$10,000 off franchise fee

Franchise 500® Rank History

Highest Rank: 229

Lowest Rank: 492

  • 2006 - 229
  • 2007 - 241
  • 2008 - 301
* Not all years were ranked

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

Operations & Franchisor Support

Training Onsite: 1 week+

Training at headquarters: 1 week+

Additional Training: At designated operating store

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 8 - 8

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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: May 26th, 2016

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Previous Years Rankings

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