What assets did Floors To Go, LLC acquire in June 2002?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
The franchisor is Floors To Go, LLC, which will be referred to in this disclosure document as "we," "us," or "FTG". "You" means the person or entity that buys the franchise. If you are a corporation, partnership, or other entity, certain provisions of the Membership Agreement also apply to your owners/partners and will be noted.
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.
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 (FTG) was formed on June 3, 2002, as Floors To Go Acquisition, LLC, later changing its name on June 24, 2002. The primary purpose of FTG's formation was to acquire specific assets from Floors To Go, Inc., a California corporation (FTGI). This acquisition occurred in June 2002, marking the beginning of FTG's role as the franchisor of the Floors To Go system.
This acquisition is a key event in the history of Floors To Go, as it represents the transition of the franchise system from Floors To Go, Inc. to Floors To Go, LLC. The FDD indicates that FTGI could be considered a predecessor of FTG due to this asset acquisition. However, the specific assets acquired from Floors To Go, Inc. are not detailed in this section of the FDD.
For a prospective franchisee, understanding the nature of these acquired assets is crucial. It would be prudent to inquire with Floors To Go about the specific assets acquired in June 2002. Knowing whether these assets included intellectual property, existing franchise agreements, or other resources can provide a clearer picture of the foundation upon which the Floors To Go franchise system was built.