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Golden Krust Caribbean Bakery
Golden Krust Caribbean Bakery & Grill is a privately held corporation that manufactures and distributes Caribbean food and is a franchisor of Caribbean restaurants. Golden Krust products can be purchased in franchise restaurants, 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, and curried chicken; sides like dumplings and fried plantains; pastries such as carrot cake and duck bread; sandwiches and wraps, soups and salads, even breakfast. More about the cost of owning a Golden Crust Caribbean Bakery franchise is below.
Facts & figures
Golden Krust believes its company's success is dependent on the success of its franchises, so the company is dedicated to helping franchisees achieve that success. Golden Krust looks for franchisees with a strong desire to succeed, lead effectively, and devote the time and energy necessary to run a successful business. Golden Krust will guide franchisees through the critical decisions about starting their successful business, including selecting a site, merchandising, 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 the 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
Krust Caribbean Bakery Franchise Income
The franchise fee to open a Golden Krust restaurant 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 Franchise 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 the 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.
