What is the issuance date of the Dryer Vent Squad Disclosure Document mentioned in the receipt?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
and the Initial | | | Franchise Fee is $35,000. | | | | | | Franchisee’s Operating Territory is comprised of a Double Territory and the Initial | | | Franchise Fee is $70,000. | | | | |
DVS Holdings, Inc.
Note to Balance Sheet
March 20, 2024
Note 1 - Nature of Business and Significant Accounting Policies
DVS Holdings, Inc. (the "Company") is organized in the state of New Jersey. The Company is a wholly owned and was formed November 15, 2023 (date of inception) for the purpose of purchasing and operating certain assets, as discussed in the subsequent events below.
Basis of Presentation
On March 15, 2024, the Company acquired certain assets of Dryer vent Squad Franchising, LLC. The primary reason for the acquisition was to acq
Source: Item 23 — RECEIPTS (FDD pages 51–207)
What This Means (2024 FDD)
According to the 2024 Dryer Vent Squad Franchise Disclosure Document, DVS Holdings, Inc. acquired certain assets of Dryer Vent Squad Franchising, LLC on March 15, 2024. The primary reason for the acquisition was to acquire the rights to market, sell, and support Dryer Vent Squad franchises that provide dryer vent services. The balance sheet note regarding this acquisition is dated March 20, 2024.
This information is relevant to prospective franchisees as it provides insight into the recent ownership and structural changes within the Dryer Vent Squad franchise system. Knowing the date of acquisition and the reasons behind it can help franchisees understand the direction and focus of the company moving forward.
Specifically, the note indicates that as of the date the balance sheet was available to be issued, the assets and future royalties value determined to be in excess of $1,000,000. This valuation provides a general sense of the financial scale of the Dryer Vent Squad business at the time of the acquisition.