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Golden Krust Caribbean Bakery and Grill
Authentic Caribbean cuisine and bakery
Golden Krust Caribbean Bakery is the franchisor of Golden Krust Caribbean Bakery & Grill, a quick-service chain that specializes in jerk chicken dishes and Jamaican-style patties (pocket pastries filled with spiced chicken or beef). Its other menu offerings include bakery items such as pastries, cake, and sugar buns. The company has more than 100 outlets in New York, as well as in about eight other East Coast states, including Florida. Golden Krust also makes and sells its nine different varieties of frozen Jamaican pastries at retail food stores throughout the US. CEO Lowell Hawthorne and his family started the business in 1989.
Golden Krust Caribbean Bakery and Grill
3958 Park Avenue
Bronx, NY 10457
718-655-7878
Fast Facts
| Year established | 1989 |
| Franchising since | 1996 |
| Can be run from home? | No |
| Number of employees needed | 7 - 10 |
| Item 19 Financial Performance Representation? | Yes |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| % of franchisees who own multiple units | 15% |
| Absentee ownership allowed? | Yes |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 111 | 0 | 6 |
| 2010 | 108 | 0 | 6 |
| 2009 | 115 | 0 | 2 |
Expanding in These Locations
Arizona, California, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, Virginia, Canada, Europe
Costs
| Total Investment | $173,400 - $564,000 |
| Franchise Fee | $25,000 - $15,000 |
| Royalty Fee | 3% |
Financial Requirements
| Net Worth | $350,000 - $500,000 |
| Liquid Capital | $130,000 - $150,000 |
Franchisee Qualifications
High personal integrity
Must meet financial requirements
Ability to train and motivate staff
Financing
| Does franchisor offer financing? | No |
| Is franchisor on the SBA's Franchise Registry? | Yes |
| Is franchisor a member of the IFA's VetFran program? | No |
Golden Krust Caribbean Bakery and Grill
3958 Park Avenue
Bronx, NY 10457
718-655-7878
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Golden Krust Caribbean Bakery & Grill Inc.
Golden Krust Caribbean Bakery is the franchisor of Golden Krust Caribbean Bakery & Grill, a quick-service chain that specializes in jerk chicken dishes and Jamaican-style patties (pocket pastries filled with spiced chicken or beef). Its other menu offerings include bakery items such as pastries, cake, and sugar buns. The company ...
| Company Type: | Private |
| Employees: | 75 |
| Executives: | Lowell Hawthorne, President and COOLeroy Hawthorne, VP Retail SalesDaren Hansen, Director Construction and Design |
| Sales: | $14,500,000 |
| Industries: | Fast-Food & Quick-Service Restaurants |
| See More Industries | |
| Top Competitors: | ChipotlePatty KingQdoba Restaurants |
Golden Krust Caribbean Bakery and Grill
3958 Park Avenue
Bronx, NY 10457
718-655-7878
