Golden Krust Franchise
Tuesday, April 27, 2010 at 09:03PM Caribbean-style bakery/restaurant
Our franchising program is predicated on the fact that the company will only remain competitive if our franchise business owners are successful. We are dedicated to achieving that success. Ours is a "partnership" with our franchise business owners. Consequently, we look for franchise business owners with certain qualities. These include a strong desire to succeed, the ability to lead effectively and the ability to devote the time and energy necessary to run a successful business. We, therefore, seek people with "common business sense" who are highly qualified to join the Golden Krust family. Please request a brochure to obtain additional information or apply online in order to receive preapproval.
Start-up Costs & Franchises Fees
What is the total cost to open a Golden Krust Franchises?
Total Cost: $148,200-$380,300
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 3%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: $25K
Contact Information for Golden Krust
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Golden Krust Franchising Inc. |
Phone Number: (718) 655-7878 |
Golden Krust In the Press
No results at this time.Historical Expansion
In what year did Golden Krust begin operations? 1988
When did Golden Krust begin selling franchises? 1996
Year United States Canada International Corporate 2005 80 0 0 0 2004 80 0 0 0 2003 58 0 0 2 2002 34 0 0 8 2001 0 0 0 0
Future Expansion
United States: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wyoming,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Grand opening support, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
25% of all franchise business owners own more than one franchise location.
Absentee ownership of franchise is allowed. (80% of current franchise business owners are owner/operators)
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes