When was CTG Franchise LLC, the franchisor for Cilantro Taco Grill, formed?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
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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.
The principal business addresses of our agents for service of process are shown on Exhibit A.
Our Parents, Predecessors and Affiliates:
We have no parent company or predecessor.
We have an affiliated company, CTG IP LLC, an Illinois limited liability company headquartered at our address.
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, CTG Franchise LLC was formed as a limited liability company in the State of Illinois on December 21, 2022. This is important for prospective franchisees to know because it establishes the legal entity they will be contracting with when they purchase a Cilantro Taco Grill franchise.
Knowing the formation date allows potential franchisees to assess the company's history and stability. While Cilantro Taco Grill has been operating through affiliates since 2013, the franchising entity itself is relatively new. This doesn't necessarily indicate instability, but it's a factor to consider.
Additionally, the FDD mentions that CTG IP LLC, an affiliated company, was also formed on December 21, 2022. CTG IP LLC owns certain trademarks and licenses their use to CTG Franchise LLC. Understanding the relationship between these two entities is crucial, as it clarifies who owns the intellectual property associated with the Cilantro Taco Grill brand. Franchisees should be aware that they are indirectly using trademarks owned by CTG IP LLC through their franchise agreement with CTG Franchise LLC.