Does All States M.E.D. Franchising, LLC have any predecessors?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
Parents, Predecessors, and Affiliates.
Parents or Predecessors.
We do not have a parent or predecessors.
Affiliates.
We have an affiliate, All States Medical Equipment Distribution LLC, a Florida limited liability company formed on October 5, 2015, with a principal business address of 6157 NW 167th Street, Suite F15, Miami Lakes, FL 33015, which has operated an outlet similar to the one offered through this disclosure document since 2015.
The Affiliate has not offered franchises in this line or any other line of business and does not provide products or services to franchisees.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENT, PREDECESSORS, AND AFFILIATES (FDD pages 9–10)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, All States M.E.D. Franchising, LLC does not have any predecessors. The document specifies that All States M.E.D. Franchising, LLC is a Florida Limited Liability Company formed on June 16, 2023, and began offering franchises in 2023.
However, All States M.E.D. Franchising, LLC has an affiliate, All States Medical Equipment Distribution LLC, which was formed on October 5, 2015. This affiliate has operated an outlet similar to the franchised business since 2015. It is important to note that the affiliate does not offer franchises or provide products/services to franchisees.
For a prospective franchisee, this means that while the franchise system itself is relatively new, it is affiliated with an existing business that has been in operation for several years. This could provide some level of reassurance regarding the business model. However, it is crucial for potential franchisees to conduct thorough due diligence to fully understand the relationship between All States M.E.D. Franchising, LLC and its affiliate, and how this relationship might impact their franchise operations.