When did Bang Cookies Franchise LLC begin offering franchises?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
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We are a New Jersey limited liability company established on January 19, 2023. Our principal place of business is 550 Industrial Road, Unit D, Carlstadt, New Jersey 07072. We conduct business under our corporate name Bang Cookies Franchise LLC and under the Bang Cookies trade name. Our business is operating the Bang Cookies Shop franchise system and granting franchises to third parties like you to develop and operate a Shop. We began offering franchises as of the Issuance Date of this Disclosure Document. Other than as discussed above, we are not in any other business, we have not conducted business in any other line of business, we do not conduct or operate a Franchised Business of the type to be operated by a franchisee, and we have not offered or sold franchises in any other line of business. Our registered agents for service of process are disclosed in Exhibit B of this Disclosure Document.
The Franchised Business
We license a system (the "System") for the operation of a Bang Cookies Shop, a cookie shop that bakes and sells giant, soft-baked, organic cookies and baked goods, and other products and services (the "Approved Services and Products") provided on-site from a single fixed location (the "Shop Location") within a designated territory.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–11)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, Bang Cookies Franchise LLC began offering franchises as of the issuance date of the document. The document also specifies that Bang Cookies Franchise LLC is a New Jersey limited liability company established on January 19, 2023. Its principal place of business is located in Carlstadt, New Jersey. The parent company of Bang Cookies Franchise LLC is Bang Cookies Corporation, which was established on August 10, 2017.
For a prospective franchisee, this means that Bang Cookies is a relatively new franchise system. While the parent company has been around since 2017, the franchising entity was just formed in 2023 and began offering franchises in 2024. This could present both opportunities and risks. A new franchise system may offer more favorable terms to early adopters, but it also comes with the uncertainty of a less established brand and system.
It is important for potential franchisees to conduct thorough due diligence, including carefully reviewing the Franchise Disclosure Document, speaking with existing franchisees (if any), and consulting with legal and financial advisors. Understanding the background and experience of both Bang Cookies Franchise LLC and its parent company, Bang Cookies Corporation, is crucial in assessing the potential risks and rewards of investing in a Bang Cookies franchise.