When was Home Brands Group, LLC, the parent company of Crawlspace Medic, formed?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
Our direct parent is Home Brands Group, LLC, a South Carolina limited liability company formed on October 1, 2021, and its principal place of business is the same as ours. As of the date of this disclosure document Home Brands Group, LLC does not provide any products or services to our franchisees. We have no other parents or predecessors required to be disclosed in this Item.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–7)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, Home Brands Group, LLC, the direct parent company of CSM Franchise Group, LLC, was formed on October 1, 2021. It is a South Carolina limited liability company, and its principal place of business is the same as Crawlspace Medic's. As of the date of the FDD, Home Brands Group, LLC does not provide any products or services to Crawlspace Medic franchisees.
Understanding the formation date of the parent company can give a prospective franchisee insight into the organizational structure and how long the parent company has been overseeing the Crawlspace Medic franchise. It's fairly common for franchise systems to have a parent company that manages multiple franchise brands.
It is important to note that Home Brands Group, LLC does not currently provide any products or services to Crawlspace Medic franchisees. A potential franchisee may want to inquire whether this is subject to change and what impact that might have on the franchise operations.