When did Cilantro Taco Grill begin offering franchises?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
We were formed as a limited liability company in the State of Illinois on December 21, 2022. Our principal business address is 80 West Lake Street, Northlake, Illinois 60164, and our telephone number is 708-223-0422. We do business under our company name, "Cilantro Taco Grill" and its associated design (the "Marks"). We do not own or operate any businesses of the type you will be operating. We have not offered franchises in any other line of business. We only offer franchises which operate under the "Cilantro Taco Grill" Marks. We began offering franchises in June 2023.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–10)
What This Means (2024 FDD)
According to Cilantro Taco Grill's 2024 Franchise Disclosure Document, the company began offering franchises in June 2023. This indicates that Cilantro Taco Grill is a relatively new franchise system.
For a prospective franchisee, this means that the franchise system may still be developing its processes and support structures. While this could present opportunities to influence the brand's direction, it also carries the risk that the franchise's operational model is not yet fully proven.
It would be prudent for potential franchisees to thoroughly investigate the performance of existing Cilantro Taco Grill locations, understand the level of support provided by the franchisor, and carefully evaluate the risks and opportunities associated with investing in a newer franchise system.