What is the legal business name of the franchisor for Crown Gold Exchange?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 1: THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES]
Item 1 THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES
In this disclosure document, "we", "us," or "our" refers to Goldmember, LLC. "You" means the person to whom we grant a franchise. If you are a corporation, limited liability company, or other entity, each owner of the franchise entity must sign our Guaranty and Non-Compete Agreement, which means that all of the franchise agreement's provisions also will apply to your owners.
Us, Any Parents, and Certain Affiliates
Our name is Goldmember, LLC. Our principal business address is 30352 Esperanza, Rancho Santa Margarita CA 92688. We do not have any parent entities. We do not have any affiliates that offer franchises in any line of business or provide products or services to our franchisees.
Our Predecessors
We do not have any predecessors.
Our Business Name
We use the names "Goldmember, LLC" and "Crown Gold Exchange". We do not intend to use any other names to conduct business.
Agent for Service of Process
Our agent for service of process in Idaho is Registered Agents, Inc., and the agent's principal business address is 784 S. Clearwater Loop, Post Falls, ID 83854. Our agents for service of process in other states are disclosed in Exhibit A.
Business Organization
We are a Idaho limited liability company. We were formed on 6/21/2023.
Information About Our Business and the Franchises Offered
We do not operate businesses of the type being franchised, but our Affiliate company has operated this type of business since 2010.
We do not have any other business activities. We have not offered franchises in other lines of business.
If you sign a franchise agreement with us, you will develop and operate a gold jewelry buy out business under the trade name Crown Gold Exchange. The business buys gold, silver, diamonds or coins at a reasonable price from customers who want to sell. If you sign a Multi-Unit Development Agreement (attached as Exhibit C to this disclosure document), you will develop multiple Crown Gold Exchange outlets, on an agreed-upon schedule. For each future unit
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 7–8)
What This Means (2024 FDD)
According to the 2024 Franchise Disclosure Document, the legal business name of the franchisor is Goldmember, LLC. The FDD states that "we", "us," or "our" refers to Goldmember, LLC. The document also clarifies that if a franchisee is a corporation, limited liability company, or other entity, each owner of the franchise entity must sign a Guaranty and Non-Compete Agreement, ensuring that all provisions of the franchise agreement apply to the owners as well.
Goldmember, LLC's principal business address is 30352 Esperanza, Rancho Santa Margarita CA 92688. The FDD specifies that Goldmember, LLC does not have any parent entities or affiliates that offer franchises in any line of business or provide products or services to Crown Gold Exchange franchisees. The franchisor also uses the names "Goldmember, LLC" and "Crown Gold Exchange" to conduct business.
Prospective franchisees should note that Goldmember, LLC is an Idaho limited liability company formed on June 21, 2023. While Goldmember, LLC does not operate businesses of the type being franchised, its affiliate company has operated this type of business since 2010. This distinction is important for franchisees to understand the operational experience behind the Crown Gold Exchange brand.