Golden Krust Franchise

7 comments
15,968 views

The Golden Krust Caribbean Bakery is known for its Caribbean style pastries and savory dishes and is an excellent franchise option for those entrepreneurs interested in opening a restaurant specializing in Caribbean cuisine.

The Golden Krust Franchise was first founded in 1989 and has been franchising since 1996.

Its homebase is in Park Avenue in the Bronx New York and the franchisor currently has 120 employees with 10 in the franchise department. The Golden Krust vision is to provide the taste of the carribean to the world and has been doing so through the service of authentic and tasty Jamaican patties. The company believes that the customers are the core to their success and they continually work on new and innovative ways to develop their service to the customers.

The franchise is now looking for franchisees, as well as outside the US such as in Eastern Europe and Canada. If you are interested in applying for a Golden Krust franchise then it is important to have the clear drive to achieve in the company and the motivation to bring it to success. A net worth requirement of $300,000 to $500,000 with a cash liquidity requirement of $120,000 to $150,000 are the qualifications. Business experience necessary is in Industry experience, general business experience, marketing skills and organizational skills. In operations at least 25% of all of the franchisees own more than one unit and the number of employees needed to run a single franchised unit are from 8 and above. Absentee ownership of franchise is allowed and currently 95% of the franchisees are either owners or operators or both.

The total investment required for the franchise is from $173,400 to $564,000 and the initial franchise fee is $15,000 to $25,000 with an ongoing royalty fee of 3% and a 10 year renewable term of agreement. If the applicant feels as though he or she cannot commit to the finances then he or she may want to consider financial assistance. Unfortunately the company does not offer any financing assistance though it does offer to relay your needs to a third party company.

Once you have submitted your requirements and accomplished everything that you need to do then you will have to wait to be contacted by the home office of the franchise. Once you are contacted then you may prepare for training, for a week - training is available at the headquarters and at the franchisee’s location for also a week or more, it depends on the need of the franchisee, The franchisee may request that assistance stay longer especially if the locations or establishment is initially crowded and needs lots of help.

Ongoing support provided by the company include those in the form of internet availability and assistance, support at the grand opening, regular meetings and newsletters, security and safety procedures, purchasing cooperatives and field operations and evaluations. Marketing support on the other hand is in the form of regional advertising, ad-slicks, co-op advertising and national media. Other marketing support is on the radio, Newspapers, TV billboards and magazines.

<< Starting Laser Tag Franchise

Game Truck Franchise Information >>

7 Comments

Radcliffe Drummond said on February 26, 2013
Fishkill New york ,this is where I whould ,like to start my business
ronke e said on August 25, 2015
please email me the full details about golden krust franchise because i"m interested. the full information like total cost of the minimum size.
Amber McMoore said on October 31, 2015
I am interested in opening up a Golden Krust Franchise in Las Vegas.I am originally from New York but relocated to las vegas 10 years ago after joining the military.
Seymour A Brown said on January 20, 2016
My name is Seymour A Brown a native Jamaican served in the United States Army for 21 years as a food service specialist (Retired) i am very interested in owning a franchise (Golden Crust) in the best company on the planet. The location that I'm interested to operate is in Powder Springs Georgia, USA. Need all the information about the procedures and policies pertaining to the company. Looking forward to hear from you.
Michael Johnson said on May 23, 2016
I'm interested in bringing this company to Denver Colorado, Please contact me at (720)609-3421. Michael Johnson.
Sonia Law said on June 14, 2016
I am Sonia Law living in New York is am a jamaican and I am interested in opening a golden Krust I already identified the area that this would be a good business there please email me all the necessary information on how to make a start and what are the requirements
clifford roberto said on September 30, 2019
I am a native of Panama, my grandma is from jamaica so I grow up eating this delicious cuisine, am currently living in Houston tx. I will like to contact golden krust or I can be contacted at my e-mail nilesclifford@ymail.com to be considered to the franchise and represent this delicious food culture. you can also reach me at 8323894116, my name is clifford roberto. USN Disable veteran and United States postel service retiree.

Golden Krust Franchise

7 Comments

Comment

Categories

Popular Articles