When did Dryer Vent Squad begin offering franchises?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
We were formed on Nov. 15, 2023, as a New Jersey Corporation S. Our principal business address is 277 Route 70 STE 227 Toms River, New Jersey 08755. We conduct business under our corporate name, We conduct business under our corporate name, DVS Holdings, Inc. and Dryer Vent Squad. Our business is operating the Dryer Vent Squad franchise system and granting franchises to third parties like you to develop and operate a Franchised Business. We began offering franchises on March 20, 2024. Other than as discussed above, we are not in any other business, we have not conducted business in any other line of business, we do not conduct or operate a Franchised Business of the type to be operated by a franchisee, and we have not offered or sold franchises in any other line of business. We do not have a parent company. Our registered agents for service of process are disclosed in Exhibit B of this Disclosure Document.
The predecessor
Our predecessor is Dryer Vent Squad Franchising, LLC ("Predecessor"), which was a Nashville Limited Liability Company formed on Dec 28, 2020 with a principal business address of 695 Cross Street, Unit 189, Lakewood, New Jersey 08701. Predecessor offered and sold Dryer vent Squad franchises beginning in Dec.2020 through early Dec of 2023.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–10)
What This Means (2024 FDD)
According to Dryer Vent Squad's 2024 Franchise Disclosure Document, the company began offering franchises on March 20, 2024. However, Dryer Vent Squad's predecessor, Dryer Vent Squad Franchising, LLC, offered and sold franchises beginning in December 2020 through early December 2023.
This means that while DVS Holdings, Inc. only recently started franchising under the Dryer Vent Squad name, the Dryer Vent Squad franchise system has been around since December 2020. DVS Holdings, Inc. purchased the assets of its predecessor on March 3, 2024, becoming the new franchisor. This included the Dryer Vent Squad marks, business system, and existing franchise agreements.
For a prospective franchisee, this indicates that Dryer Vent Squad is a relatively new franchise under the current ownership, but the brand and system have been in operation for several years. It would be prudent for potential franchisees to investigate the reasons for the change in ownership and how it might impact the franchise system.