When was CSM Franchise Group, LLC formed?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
CSM Franchise Group, LLC (the "Company") was formed as a limited liability company (LLC) in December of 2016. The Company originated in Columbia, South Carolina under the corporate founding business Crawlspace Medic Holdings, LLC ("Crawlspace Medic").
On January 1, 2018, the Company converted from a single member LLC to a partnership when a member purchased 1,111 Class B units in the Company, amounting to 10 percent of the outstanding units and financial rights of the Company. Effective October 1, 2021, the members contributed the ownership of the Company to Home Brands Group, LLC ("Home Brands").
The Company is a franchisor that operates under the company name "Crawlspace Medic". The Company began offering franchises on September 15, 2017 as disclosed in the franchise disclosure document. The locations are occupied throughout the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, CSM Franchise Group, LLC was established as a limited liability company (LLC) in December 2016. The company's origins are traced back to Columbia, South Carolina, where it was initially known as Crawlspace Medic Holdings, LLC. This indicates that Crawlspace Medic has been operating under the CSM Franchise Group, LLC structure for several years. This information is crucial for potential franchisees to understand the company's history and organizational structure.
In January 1, 2018, there was a change in the company's structure when it converted from a single member LLC to a partnership. This occurred when a member acquired 1,111 Class B units, representing 10 percent of the company's outstanding units and financial rights. Then, effective October 1, 2021, the members contributed the ownership of the Company to Home Brands Group, LLC. These structural changes can impact decision-making processes and overall business strategy.
Crawlspace Medic began offering franchises on September 15, 2017. This shows that the company transitioned from its initial corporate structure to franchising relatively quickly after its formation. The franchise locations are situated throughout the United States of America, indicating a widespread presence. Understanding the timeline of these key events helps prospective franchisees assess the maturity and stability of the Crawlspace Medic franchise system.