What is the name of the company that owns Crisp & Green LLC, the parent company of Crisp & Green?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
We are a Minnesota limited liability company organized on February 22, 2018, for the purpose of engaging in the sale of franchises of CRISP & GREEN® restaurants. Our principal business address is 746 Mill Street E, Wayzata, MN 55391. We conduct business under the name CRISP & GREEN® and the trademarks described in Item 13 and under no other names. Our agents for service of process are disclosed in Exhibit A. We have been offering franchises described in this disclosure document since April 17, 2018. We have never offered franchises in any other line of business.
Our Parent, Predecessors, and Affiliates
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 the 2024 Crisp & Green Franchise Disclosure Document, Crisp & Green Franchising LLC, the franchisor, is a wholly owned subsidiary of Crisp & Green LLC, which is referred to as the "Parent." In turn, Crisp & Green LLC is a wholly owned subsidiary of Steele Brands Holdco LLC. Therefore, Steele Brands Holdco LLC is the company that owns Crisp & Green LLC, the parent company of Crisp & Green.
Steele Brands Holdco LLC, the ultimate parent company, was organized as a Delaware limited liability company on September 25, 2023. It shares the same principal place of business as Crisp & Green LLC, located at 746 Mill Street E, Wayzata, MN 55391. This structure indicates that Steele Brands Holdco LLC is the top-level entity in the organizational hierarchy, with Crisp & Green LLC operating as a direct subsidiary and Crisp & Green Franchising LLC as a further subsidiary responsible for franchising activities.
Prospective franchisees should be aware of this ownership structure as it clarifies the relationships between the various entities involved in the Crisp & Green franchise system. Understanding the parent company can provide insights into the overall management and strategic direction of the franchise. It is also worth noting that Crisp & Green has several affiliates, including PURALIMA Franchising LLC and Stalk & Spade Franchising LLC, which offer different restaurant concepts. These affiliates, along with the parent companies, share the same principal business address, suggesting a centralized management approach across the Steele Brands portfolio.