What is the name of the corporate founding business 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"). 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, CSM Franchise Group, LLC was formed in December 2016. The company originated in Columbia, South Carolina, under the corporate founding business Crawlspace Medic Holdings, LLC. This means that Crawlspace Medic Holdings, LLC is the entity that initially established the Crawlspace Medic business concept before it became a franchise.
For a prospective franchisee, this information provides insight into the origins and evolution of the Crawlspace Medic franchise system. Knowing the founding business can help in understanding the company's history and its initial business model. It also clarifies the relationship between CSM Franchise Group, LLC, and Crawlspace Medic Holdings, LLC.
Effective October 1, 2021, the members contributed the ownership of the Company to Home Brands Group, LLC. This indicates a change in ownership structure, which could be relevant for franchisees to understand the current management and strategic direction of Crawlspace Medic.