In the context of a Beard Papas franchise, what is being assigned from the Assignor to Muginoho International, Inc.?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
On April 15, 2016, Muginoho Holding Co., Ltd entered into an agreement to transfer all 10 shares of the Company's common stock to Nagatanien Holdings Co., Ltd. As a result, the Company has become a wholly-owned subsidiary of Nagatanien Holdings Co., Ltd (the "Parent").
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
Based on the 2025 Beard Papas Franchise Disclosure Document, Muginoho International, Inc. was assigned all 10 shares of the Company's common stock from Muginoho Holding Co., Ltd. on April 15, 2016. As a result, Muginoho International, Inc. became a wholly-owned subsidiary of Nagatanien Holdings Co., Ltd.
This means that Nagatanien Holdings Co., Ltd. ultimately owns and controls Muginoho International, Inc., the franchisor of Beard Papas. This type of ownership change is important for prospective franchisees to understand, as it can impact the strategic direction and financial stability of the franchise system.
For a potential Beard Papas franchisee, this information provides insight into the ownership structure and potential long-term stability of the franchise. It's advisable to further investigate Nagatanien Holdings Co., Ltd. to understand their experience and resources in supporting the Beard Papas franchise.