What is the name of Core Group Restoration Franchising's affiliate?
Core_Group_Restoration_Franchising Franchise · 2025 FDDAnswer from 2025 FDD Document
Our affiliate, CORE Group Restoration, Inc. ("CGR Affiliate") is a Texas corporation that was incorporated on March 29, 2018. CGR Affiliate's principal address is 720 Brazos Street, Suite 1200, Austin, TX 78701. CGR Affiliate owns and controls all of the intellectual property utilized by all of the CORE Businesses and licenses it to us. CGR Affiliate may also provide referral work to franchisees ("CORE Franchisees" or "CORE Members") as well as social media advertising services (see Item 6). CGR Affiliate does not conduct the type of business you will operate, nor has ever offered franchises for CORE Businesses or for franchises in any other line of business. One of CGR Affiliate's shareholders operates a business like those described in this Franchise Disclosure Document and has done so since 1991.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–11)
What This Means (2025 FDD)
According to Core Group Restoration Franchising's 2025 Franchise Disclosure Document, the affiliate of Core Group Restoration Franchising, LLC is CORE Group Restoration, Inc. ("CGR Affiliate"). The affiliate is a Texas corporation incorporated on March 29, 2018. Its principal address mirrors that of Core Group Restoration Franchising, located at 720 Brazos Street, Suite 1200, Austin, TX 78701.
The FDD specifies that CORE Group Restoration, Inc. owns and controls all intellectual property utilized by CORE Businesses and licenses it to Core Group Restoration Franchising. Additionally, the affiliate may provide referral work to franchisees and social media advertising services. However, CORE Group Restoration, Inc. does not conduct the same type of business that franchisees operate, nor does it offer franchises for CORE Businesses or any other line of business.
One of the shareholders of CORE Group Restoration, Inc. operates a business similar to those described in the Franchise Disclosure Document and has been doing so since 1991. This separation of intellectual property ownership and potential service provision from the franchising entity is a fairly common structure, designed to protect assets and potentially streamline operations.