In what year did All States M.E.D. begin offering franchises?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
The Company started offering franchises in August 2023.
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, the company began offering franchises in August 2023. This is relatively recent, as the company itself was formed in Florida in June 2023.
For a prospective franchisee, this means that All States M.E.D. is a very new franchise system. While the affiliate, All States Medical Equipment Distribution LLC, has operated a similar outlet since 2015, All States M.E.D. Franchising, LLC has limited experience as a franchisor.
It's important for potential franchisees to carefully consider the implications of investing in a new franchise. While there may be opportunities for growth and development alongside the franchisor, there is also a higher degree of risk compared to established franchise systems with a longer track record. A prospective franchisee should conduct thorough due diligence, including speaking with existing franchisees (if any) and carefully reviewing the franchise agreement and financial performance representations.