What is the name of the predecessor company to Dryer Vent Squad?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
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 predecessor to DVS Holdings, Inc., the current franchisor, is Dryer Vent Squad Franchising, LLC. This company was formed on December 28, 2020, as a Nashville Limited Liability Company. Its principal business address was located at 695 Cross Street, Unit 189, Lakewood, New Jersey 08701.
Dryer Vent Squad Franchising, LLC offered and sold Dryer Vent Squad franchises from December 2020 through early December 2023. This means that the predecessor company was responsible for establishing the franchise system and initially recruiting franchisees before DVS Holdings, Inc. acquired its assets.
On March 3, 2024, DVS Holdings, Inc. purchased the assets of Dryer Vent Squad Franchising, LLC, including the Dryer Vent Squad marks, business system, and existing franchise agreements. This acquisition effectively transferred the Dryer Vent Squad franchise system to DVS Holdings, Inc., making them the new franchisor. Existing Dryer Vent Squad franchisees continued to operate under the same marks and offer the same services after the change in ownership.