What is the name of the company that is franchising Crown Gold Exchange?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
This Agreement is made between Goldmember, LLC, a Idaho limited liability company ("Crown Gold Franchising"), and Franchisee effective as of the date signed by Crown Gold Franchising (the "Effective Date").
Source: Item 22 — CONTRACTS (FDD pages 38–39)
What This Means (2024 FDD)
According to the 2024 Franchise Disclosure Document, Crown Gold Exchange franchises are offered by Crown Gold Franchising, which is a division of Goldmember, LLC, an Idaho limited liability company.
This means that the legal entity franchisees will contract with is Goldmember, LLC, doing business as Crown Gold Franchising. It is important for prospective franchisees to understand the exact legal structure of the franchising entity, as this can have implications for liability and legal recourse.
Furthermore, the FDD states that Crown Gold Franchising and its affiliate WAM Gold LLC have created and own the Crown Gold Exchange system. This indicates that WAM Gold LLC may also play a role in the franchise operations, although the exact nature of this role is not specified in this particular section. A potential franchisee may want to inquire about the specific roles and responsibilities of both Goldmember, LLC and WAM Gold LLC in relation to the Crown Gold Exchange franchise.