For how many years has All States M.E.D. been in business?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
We are a Florida Limited Liability Company formed on June 16, 2023.
We do business under our corporate name and All States M.E.D.
Our principal business address is 6157 NW 167th Street, Suite F15, Miami Lakes, FL 33015.
Exhibit B contains our agents for service of process.
We have not operated a business of the type being franchised, engaged in any other line of business, have not offered franchises in any other line of business, and began offering franchises in 2023.
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 21 — FINANCIAL STATEMENTS (FDD pages 43–44)
What This Means (2024 FDD)
According to the 2024 All States M.E.D. Franchise Disclosure Document, All States M.E.D. Franchising, LLC was formed on June 16, 2023, as a Florida Limited Liability Company and began offering franchises in 2023. The FDD states that All States M.E.D. Franchising, LLC has not operated a business of the type being franchised or engaged in any other line of business prior to this. Therefore, All States M.E.D. Franchising, LLC has been offering franchises for approximately one year.
However, All States M.E.D. has an affiliate, All States Medical Equipment Distribution LLC, which was formed on October 5, 2015, and has operated an outlet similar to the franchised business since 2015. This means that while the franchising entity is relatively new, a related company has experience operating a similar business for approximately nine years.
Prospective franchisees should consider that while the franchise system itself is new, it is affiliated with an established business in the same industry. This could provide some level of reassurance, as the affiliate's experience might inform the franchise's operational strategies and support systems. However, it's important to recognize that the affiliate does not provide products or services to franchisees.