What was the sole purpose for which Floors To Go, LLC was organized?
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.
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 established on June 3, 2002, originally named Floors To Go Acquisition, LLC, and later amended on June 24, 2002, to Floors To Go, LLC. The company began offering franchises in June 2002. The principal office of Floors To Go is located in Bonita Springs, Florida.
The sole purpose for which Floors To Go was organized was to acquire specific assets from Floors To Go, Inc., a California corporation (FTGI), and to function as the franchisor of the Floors To Go System. This acquisition occurred in June 2002. Floors To Go does not own or operate any retail floor covering outlets and has not been involved in selling franchises in other business lines in the past decade.
Floors To Go does not have a parent company, but Floors To Go, Inc. (FTGI) could be considered a predecessor of FTG due to the asset acquisition. Abbey Carpet Co., Inc., owned by Floors To Go's CEO Philip Gutierrez, is an affiliate of Floors To Go and franchises Abbey Carpet® Showrooms. Abbey Carpet Co., Inc. has been offering franchises since 1963 and has 420 showrooms.
Prospective franchisees should understand that Floors To Go's primary role is to manage the franchise system, not to operate retail outlets directly. The acquisition of assets from Floors To Go, Inc. was a key step in establishing Floors To Go as the franchisor. The relationship with Abbey Carpet Co., Inc. indicates potential synergies or shared resources within the leadership structure.