Is Steele Brands Management LLC (SBM) an affiliate of Crisp & Green?
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 Crisp & Green's 2024 Franchise Disclosure Document, Steele Brands Management LLC (SBM) is an affiliate of Crisp & Green Franchising LLC. SBM was formed in April 2021.
The FDD specifies that SBM provides certain services to Crisp & Green's Parent, Crisp & Green LLC, including the provision of employees, pursuant to an intercompany services agreement. The Parent company provides services to Crisp & Green Franchising LLC, its affiliates, and other subsidiaries, including accounting and payroll, human resources, management, technology, and other typical parent-subsidiary services, also through an intercompany services agreement.
The principal business address of SBM is the same as that of Crisp & Green Franchising LLC, which is 746 Mill Street E, Wayzata, MN 55391. This shared address and the intercompany service agreements highlight the close relationship between SBM and Crisp & Green Franchising LLC, indicating a coordinated business operation.