Where is BFG Holdco, Inc., the guarantor for Chem-Dry, located?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
For value received, BFG Holdco, Inc., a Delaware corporation (the "Guarantor"), located at 3310 West End Avenue, Suite 620, Nashville, TN 37203, absolutely and unconditionally guarantees to assume the duties and obligations of Chem-Dry, Inc., NHance, Inc., 1-800 Water Damage International, LLC, Hoodz International, LLC, Ductz International, LLC, Patch Boys International, LLC, Plumberz International, LLC, Packoutz International, LLC, Safer Home Services International, LLC, Cool Binz International, LLC, and JunkCo+ International, LLC, under their franchise registrations in each state where the franchises are registered, and under its Franchise Agreement identified in their Franchise Disclosure Documents issued March 29, 2024, and Redbox+ International, LLC under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its Franchise Disclosure Document, issued April 4th, 2024 (individually, each, a "Franchisor"), and as the Franchise Agreements may be entered into with all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever occurs first. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding, notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
Source: Item 23 — Receipts (FDD pages 68–264)
What This Means (2024 FDD)
According to Chem-Dry's 2024 Franchise Disclosure Document, BFG Holdco, Inc., the guarantor, is located at 3310 West End Avenue, Suite 620, Nashville, TN 37203. This information is crucial because BFG Holdco, Inc. guarantees the obligations of Chem-Dry, Inc. under the franchise agreements. This guarantee extends to the franchise registrations in each state where Chem-Dry franchises are registered.
BFG Holdco, Inc. ensures that Chem-Dry will fulfill its duties and obligations to its franchisees. This guarantee remains in effect until all obligations of Chem-Dry to its franchisees are completely discharged. The guarantor will not be released from liability if a franchisee's claim against Chem-Dry is still outstanding.
This guarantee is binding on BFG Holdco, Inc. and its successors and assigns. The guarantor executes this guarantee in Nashville, Tennessee. This provides a level of financial security and assurance for prospective Chem-Dry franchisees, knowing that a separate entity is backing the franchisor's commitments.