Does Cilantro Taco Grill have a parent company?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
s:**
We have no parent company or predecessor.
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 Franchise LLC, the franchisor, does not have a parent company or predecessor. The document specifies that CTG Franchise LLC was formed in Illinois on December 21, 2022, and began offering franchises in June 2023.
However, Cilantro Taco Grill does have an affiliated company, CTG IP LLC, which was also formed on December 21, 2022. CTG IP LLC owns certain trademarks and exclusively licenses their use to CTG Franchise LLC. While not a parent company, this affiliate relationship is important for a prospective franchisee to understand, as it clarifies the ownership and licensing of the brand's intellectual property.
Furthermore, the FDD states that Cilantro Taco Grill has operated outlets similar to the franchised business through affiliates since 2013. This indicates that while CTG Franchise LLC is relatively new, the Cilantro Taco Grill concept has been around for a longer period, operated by related entities. This prior operating experience could be a positive factor for potential franchisees, suggesting a more established business model.