How long has Advanced Mobile Iv And Amiv been in business?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
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We are ADVANCED MOBILE IV, LLC dba AMIV (called "We," "Us," or "Our"). We are a Utah limited liability formed on November 3, 2021. We do business under the "Advanced Mobile IV" and "AMIV" names, marks, and logos. We do not intend to do business under any other names. Advanced Mobile IV, LLC is called "us" or "we" in this franchise disclosure document. "You" means the prospective purchaser of an AMIV™ franchise, and includes owners or partners of a corporation, partnership, or other legal entity that purchases an AMIV franchise.
Who We Are
We are the franchisor of the AMIV franchise system.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, Advanced Mobile IV, LLC was formed on November 3, 2021. The company has been offering franchises since May 2022. This indicates that Advanced Mobile Iv And Amiv has been in business for a relatively short period.
For a prospective franchisee, this means that Advanced Mobile Iv And Amiv is a newer franchise system. While the company lacks a long operating history, its affiliate, Advanced Mobile IV St. George, LLC, has operated an AMIV™ business since 2021. This provides some operational experience in the specific type of business being franchised.
It is important for potential franchisees to carefully evaluate the risks and opportunities associated with investing in a newer franchise system like Advanced Mobile Iv And Amiv. This includes assessing the company's financial stability, the strength of its business model, and the level of support provided to franchisees. Speaking with existing franchisees, as listed in Exhibit H of the FDD, would be a crucial step in this evaluation process.