Golden Krust Caribbean Bakery
Golden Krust Caribbean Bakery & Grill is a privately held corporation that manufactures and distributes Caribbean food, as well as a franchisor of Caribbean restaurants. Golden Krust products can be purchased in the franchise restaurants, as well as supermarkets, hospitals, schools and other food service facilities throughout the United States. Golden Krust items include a wide array of delicious selections, such as ‘Reggaefest combos with jerk chicken, fish, goat, curried chicken; sides like dumplings and fried plantains; pastries such as carrot cake and duck bread; sandwiches and wraps, soups and salads, even breakfast.
Facts & Figures
Liquid capital required
Golden Krust believes their company success is dependent on the success of their franchises, so the company is dedicated to helping franchisees achieve that success. Golden Krust looks for franchisees with strong desire to succeed, the ability to lead effectively and to devote time and energy necessary to run a successful business. Golden Krust will guide franchisees through the critical decisions related to starting their successful business, including selecting a site, merchandising, and establishing inventory, hiring and training staff, and marketing.
Golden Krust Caribbean Bakery Franchise Opportunities – History
Golden Krust was founded by Ephraim and Mavis Hawthorne, who had founded Hawthorne & Sons Bakery in St. Andrew, Jamaica, and opened their first Golden Krust retail location in 1989 in Bronx, New York. By 1996 they had expanded to 17 restaurants in New York City, and began franchising that year. Today, Golden Krust operates a chain of more than 100 restaurants in nine states: New York, New Jersey, Connecticut, Pennsylvania, Georgia, Florida, Maryland, North Carolina and Massachusetts.
Golden Krust Caribbean Bakery Franchise Cost / Initial Investment / Golden
Krust Caribbean Bakery Franchise Income
The franchise fee to open a Golden Krust restaurant location is $25,000 for a traditional location and $15,000 for a kiosk. Golden Krust offers a comparatively low capital investment, between $100,000 and $150,000, due to simple operation and low equipment costs. A royalty fee of 3% on gross monthly sales is paid to the company.
Golden Krust Caribbean Bakery Business Opportunities: Other Information
The Mavis and Ephraim Hawthorne Foundation was established in 2005 by the founders’ children. The foundation grants scholarships and supports social services and wellness programs and activities to help strengthen community. Golden Krust has donated to numerous causes and charities throughout the United States and the islands of the Caribbean since its inception in 1989.
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