Until what date did Dryer Vent Squad's predecessor offer and sell Dryer Vent Squad franchises?
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 company, Dryer Vent Squad Franchising, LLC, offered and sold Dryer Vent Squad franchises from December 2020 through early December 2023. This means that the current franchisor, DVS Holdings, Inc., took over the franchising operations after that date. DVS Holdings, Inc. purchased the assets of the Predecessor on March 3, 2024. These assets included Dryer Vent Squad marks, business system and existing franchise agreements.
For a prospective franchisee, this information highlights the relatively recent change in ownership and management of the Dryer Vent Squad franchise system. Understanding the reasons behind this transition and the impact it has had on existing franchisees is crucial. A potential franchisee should inquire about the performance of franchises under the previous ownership and how the new franchisor, DVS Holdings, Inc., plans to improve or change the business model.
It is also important to note that DVS Holdings, Inc. began offering franchises on March 20, 2024. This indicates that the current franchisor has a limited track record. A prospective franchisee should carefully evaluate the experience and resources of the new franchisor and its affiliates, such as HBFG Holdings, INC, Clozetivity Holdings, INC, Vizta Tint Holdings, INC, and Zippy Garage Holdings, INC, to ensure they can adequately support the franchise system.