On what date was Bang Cookies established?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
Bang Cookies Franchise, LLC (the "Company") is a limited liability company that was formed on January 19, 2023 under the laws of the State of New Jersey for the purpose of offering franchise opportunities to entrepreneurs who want to own and operate their own business. The Company offers the qualified individuals the right to operate a business that offers a cookie shop that makes and sells giant, soft-baked, organic cookies and natural cookies, baked goods and, other products and services under "Bang Cookie" mark. The Company offers individual unit Shop franchises and area development franchises for the development of multiple Shops within a designated territory. The Company's parent is Bang Cookies Corporation, a Delaware corporation established on August 10, 2017. This company has not in the past and does not now offer franchises in any lines of business.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 55–56)
What This Means (2024 FDD)
According to Bang Cookies' 2024 Franchise Disclosure Document, Bang Cookies Franchise LLC was established on January 19, 2023, as a New Jersey limited liability company. The company's purpose is to offer franchise opportunities to individuals interested in owning and operating their own business. Specifically, Bang Cookies grants qualified individuals the right to operate a cookie shop that specializes in giant, soft-baked, organic cookies, baked goods, and other related products and services under the "Bang Cookie" mark. Bang Cookies also offers both individual unit shop franchises and area development franchises, which allow for the development of multiple shops within a designated territory.
It's important to note that Bang Cookies Franchise LLC has a parent company, Bang Cookies Corporation, which was established earlier on August 10, 2017, as a Delaware corporation. However, the parent company has not offered franchises in any line of business, either in the past or currently. This distinction clarifies that while the parent company exists, the franchising operations are conducted through the limited liability company established in 2023.
For a prospective franchisee, this information is crucial as it provides insight into the legal structure and history of the Bang Cookies franchise system. Understanding the establishment dates and the relationship between the franchise entity and its parent company can help in assessing the stability and experience behind the brand. Additionally, knowing that Bang Cookies offers both single-unit and multi-unit franchise options allows potential franchisees to consider different investment and development strategies.