Did Floors To Go acquire assets from Floors To Go, Inc.?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
FTG is a Florida limited liability company that was organized on June 3, 2002 under the name Floors To Go Acquisition, LLC. On June 24, 2002, Floors To Go Acquisition, LLC filed Articles of Amendment to its Articles of Organization changing its name to Floors To Go, LLC. FTG began offering franchises in certain states in June 2002. FTG does business under the name Floors To Go. FTG has its principal office at 3471 Bonita Bay Boulevard, Bonita Springs, Florida 34134.
FTG was organized for the sole purpose of acquiring certain assets of Floors To Go, Inc., a California corporation ("FTGI"), and to operate as the franchisor of the FTG System, as defined below, on a going-forward basis. In June 2002, FTG acquired certain assets of FTGI.
FTG has members located throughout the United States. FTG does not currently own or operate any retail floor covering outlets. FTG and its predecessor have not sold franchises in any other lines of business during the last 10 years. FTG has never done business under another name.
FTG does not have a parent company.
B. Predecessors of FTG
In light of the acquisition described above, FTGI could be deemed a predecessor of FTG. The former address of FTGI was 4295 Business Drive, Shingle Springs, California 95682.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 7–9)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, Floors To Go, LLC was organized on June 3, 2002, under the name Floors To Go Acquisition, LLC, and later changed its name on June 24, 2002. Floors To Go, LLC was specifically created to acquire certain assets from Floors To Go, Inc., a California corporation (FTGI). This acquisition occurred in June 2002. FTGI could be considered a predecessor of Floors To Go, LLC. The former address of FTGI was 4295 Business Drive, Shingle Springs, California 95682. Floors To Go, LLC does not have a parent company.
This information is relevant for prospective franchisees as it clarifies the history and structure of the Floors To Go franchise. Understanding that Floors To Go, LLC was formed to acquire assets from Floors To Go, Inc. provides context about the brand's origins and its evolution. Knowing that FTGI is considered a predecessor can be useful for researching the brand's past performance or any previous legal or financial issues associated with FTGI.
Furthermore, the FDD states that Floors To Go, LLC does not have a parent company. This indicates that Floors To Go operates independently without direct oversight from a larger corporate entity, which could affect decision-making processes and resource allocation. The absence of a parent company might offer more autonomy but could also mean less access to extensive corporate resources. Prospective franchisees should consider these factors when evaluating the level of support and guidance they can expect from Floors To Go.