When was Durar Investment, LLC, the franchisor for Azal Coffee, organized?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
The Franchisor is Durar Investment, LLC. In this Franchise Disclosure Document, the Franchisor will be referred to as "we," "us," "Azal," or "Azal Coffee" and the person who buys the franchise will be referred to as "you." If the prospective franchisee is a corporation, partnership, limited liability company or other entity, "you" will mean the entity and the owners of the entity.
We are a Michigan limited liability company organized on December 28, 2022. We do business under our company name and the following names: "Azal" and "Azal Coffee." Our principal business address is 15010 W. Warren, Unit 113, Dearborn, Michigan 48126. Our agents for service of process are listed on Exhibit A.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 9–11)
What This Means (2024 FDD)
According to Azal Coffee's 2024 Franchise Disclosure Document, Durar Investment, LLC, the franchisor, was organized on December 28, 2022, as a Michigan limited liability company. This detail is crucial for prospective franchisees as it establishes the legal foundation and history of the company they are considering partnering with. Knowing the franchisor's formation date helps in assessing the company's experience and stability in the market.
Understanding the franchisor's organizational structure and history is a standard part of due diligence in franchising. The fact that Azal Coffee is a limited liability company (LLC) has implications for liability and business operations. It also indicates that Azal Coffee has been offering franchises since July 2024.
This information, found in Item 1 of the FDD, is essential for potential franchisees to evaluate the franchisor's background and make informed decisions. It is common for franchisors to provide details about their formation, business structure, and any related entities to ensure transparency and build trust with prospective franchisees.