What services does the Crisp & Green parent company provide to Crisp & Green and its affiliates?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
Our affiliate, Steele Brands Management LLC ("SBM") was formed in April 2021. Pursuant to an intercompany services agreement, SBM provides certain services to our Parent, including the provision of employees. Correspondingly, pursuant to an intercompany services agreement, our Parent provides certain services to us, our affiliates, and each of its other subsidiaries, including accounting and payroll, human resources, management, technology, and other services typical in parent-subsidiary relationships. SBM's principal business address is the same as ours.
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 LLC is a wholly-owned subsidiary of Crisp & Green LLC (referred to as "our Parent"). In turn, Crisp & Green LLC is a wholly-owned subsidiary of Steele Brands Holdco LLC. Steele Brands Management LLC ("SBM") provides certain services to Crisp & Green LLC, including the provision of employees, pursuant to an intercompany services agreement.
Crisp & Green LLC provides certain services to Crisp & Green Franchising LLC, its affiliates, and each of its other subsidiaries, including accounting and payroll, human resources, management, technology, and other services typical in parent-subsidiary relationships, pursuant to an intercompany services agreement.
This arrangement means that franchisees will not directly interact with Steele Brands Management LLC for these services. Instead, Crisp & Green Franchising LLC serves as the primary point of contact, receiving support from its parent company, Crisp & Green LLC, which in turn receives employee support from Steele Brands Management LLC. This layered structure is common in franchising, where a parent company provides centralized services to streamline operations and ensure brand consistency across all franchise locations.