Questions & Answers
Below is a list of frequently asked questions and answers pertaining to our franchise program.
Please review by either expanding the list of categories below to go directly to a specific
area of interest or by scrolling the entire list.
Q: How can I become a franchisee?
Completing and submitting the Detailed Application
Due Diligence: Getting as much information as you can on Golden Krust
Obtaining from us our Uniformed Franchise Offering Circular (UFOC), our Prospectus.
Thoroughly review document seeking assistance as necessary.
Meeting with us to discuss the process and have your questions answered (Discovery Day)
Awaiting approval notice
Signing Franchise Agreement and payment of Fees.
Q: In which states are Golden Krust restauraunts opened?
A: New York
Q: What is the size of a typical store?
Store sizes ranges from 500 - 3500 square feet.
Q: What is the term of the franchise agreement?
Ten (10) Years.
Q: What kind of support do you provide your franchisees
A: Assistance with Site Selection
Development and Construction as required
Manuals for operations, training, design & construction
Q: What makes Golden Krust different from other food franchises I have heard about
A: Authentic Caribbean cuisine made from fresh, quality ingredients and sold at affordable prices.
Our commitment to quality, customers, environment and our associates.
Pride in our community and involvement in local charitable organizations.
Q: How long has Golden Krust been in business?
Golden Krust has been operating as a franchising organization since 1996.
Q: How many franchises are there?
Golden Krust currently have (122) One Hundred and twenty two stores in Nine (9) States.
Q: What does Golden Krust mean?
"Golden Krust" denotes the golden crust of our signature products, our patties.
Q: Does Golden Krust offer financial assistance?
No, Golden Krust does not offer financial assistance.
Q: Does Golden Krust offer more than one option?
Golden Krust recently introduced the Kiosk concept . Kiosks are highly suited to Nontraditional markets such as Food Marts, Airports and Cafeterias.
Q: How much does it cost to become a Golden Krust Franchise
A: TRADITIONAL RESTAURANT
The Franchise Fee is 25,000.00 with estimated initial investment ranging from 173,400-564,000 depending on the location and size of your franchise.
Franchise rights are granted for a term of ten (10) years. During that time a royalty of 3% or 250.00 (whichever is greater) of gross revenue is payable weekly to Golden Krust franchising Inc.; and is collected via an Electronic Funds Transfer System. In addition, franchisees are also required to set aside 2% of gross revenue towards advertising. 1% payable on the first day of each month and 1% spent annually on local advertising.
The Franchise Fee is 15,000.00 with estimated initial investment ranging from 185,000-387,500 depending on the location and size of your franchise.
Franchise rights are granted for a term of ten (10) years. During that time a royalty of 3% or 250.00 (whichever is greater) of gross revenue is payable weekly to Golden Krust franchising Inc.; and is collected via an Electronic Funds Transfer System. In addition, franchisees are also required to set aside 2% of gross revenue towards regional and localized advertising.
1% submitted to Golden Krust weekly and 1% expended on local marketing by the Franchisee
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