Has CTG IP LLC, the affiliated company of Cilantro Taco Grill, offered franchises before?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
We have an affiliated company, CTG IP LLC, an Illinois limited liability company headquartered at our address. CTG IP LLC was formed on December 21, 2022 and is the owner of certain of our Marks and has exclusively licensed use of the Marks to us. CTG IP LLC has not offered franchises in this or in any other line of business previously.
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 IP LLC, an affiliated company, has not offered franchises in the past. The FDD states that CTG IP LLC was formed on December 21, 2022, and owns certain trademarks which it licenses to CTG Franchise LLC. The document explicitly states that CTG IP LLC has not offered franchises in this or any other line of business previously.
This information is relevant for prospective franchisees as it clarifies the roles of the different entities involved in the Cilantro Taco Grill franchise system. While CTG Franchise LLC is the entity that grants franchises, CTG IP LLC owns the intellectual property. Knowing that CTG IP LLC has no prior franchising experience helps to understand the experience and focus of the entity that controls the brand's trademarks.
It is important to note that while CTG IP LLC has not offered franchises, the franchisor, CTG Franchise LLC, began offering franchises in June 2023. Additionally, Cilantro Taco Grill outlets similar to the franchise offered have been operated through affiliates since 2013. This distinction provides a more complete picture of the experience behind the Cilantro Taco Grill franchise opportunity.