Does Crisp & Green Franchising LLC have any predecessors?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
We have no predecessor. We are a wholly owned subsidiary of our corporate parent, Crisp & Green LLC, which we refer to as our "Parent." Our Parent is a Minnesota limited liability company organized on April 26, 2016, with a principal place of business at 746 Mill Street E, Wayzata, MN 55391. Our Parent, in turn, is a wholly owned subsidiary of Steele Brands Holdco LLC, a Delaware limited liability company organized on September 25, 2023, with the same principal place of business as our Parent.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 9–13)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, Crisp & Green Franchising LLC has no predecessor. The company was organized in Minnesota on February 22, 2018, for the purpose of selling Crisp & Green restaurant franchises. The company started offering franchises on April 17, 2018, and has not offered franchises in any other line of business.
Crisp & Green Franchising LLC is a wholly-owned subsidiary of Crisp & Green LLC, which is referred to as the "Parent." Crisp & Green LLC was organized on April 26, 2016. Crisp & Green LLC, in turn, is a wholly-owned subsidiary of Steele Brands Holdco LLC, which was organized on September 25, 2023.
While Crisp & Green Franchising LLC itself has no predecessors, prospective franchisees should note the relationship with its parent companies. Understanding the history and experience of these related entities may provide additional insight into the overall organization and its capabilities. Additionally, Crisp & Green has several affiliates including PURALIMA Franchising LLC and Stalk & Spade Franchising LLC.