What is the name of the company to which the members contributed the ownership of Crawlspace Medic?
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").
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, the members contributed the ownership of CSM Franchise Group, LLC to Home Brands Group, LLC, also referred to as "Home Brands", effective October 1, 2021.
This contribution of ownership to Home Brands Group, LLC indicates a significant change in the organizational structure of Crawlspace Medic. Potential franchisees should be aware of this change in ownership as it could impact the strategic direction, resources, and overall management of the franchise system. Understanding the nature and goals of Home Brands Group, LLC, and how they align with the Crawlspace Medic franchise model is crucial for making an informed investment decision.
Prospective franchisees should further investigate Home Brands Group, LLC, to assess their experience in franchising and their plans for the Crawlspace Medic brand. Understanding the parent company's vision, resources, and support systems is essential for evaluating the long-term stability and growth potential of a Crawlspace Medic franchise.