What is the investment in subsidiary value for Gold Star Chili, Inc.?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
The consolidated financial statements of Gold Star Chili, Inc. (the Company) include its subsidiary, TCWW, LLC, and its consolidated entity, GSC Properties, LLC, a variable interest entity for which the Company owns no equity.
TCWW, LLC franchises the right to operate Tom + Chee restaurants across the United States. There is 1 franchise location, and there are 4 Company stores. TCWW, LLC was acquired in September 2017. Revenue is derived from store sales, franchisees in the form of initial franchise fees, royalties and advertising funds.
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, Gold Star Chili, Inc. has a subsidiary named TCWW, LLC. TCWW, LLC franchises the right to operate Tom + Chee restaurants across the United States. As of December 31, 2024, TCWW, LLC has one franchise location and four company stores. TCWW, LLC was acquired by Gold Star in September 2017. TCWW, LLC generates revenue from store sales, initial franchise fees, royalties, and advertising fees from its franchisees.
However, the provided excerpts from the 2025 FDD do not contain a specific figure for the investment value in the subsidiary TCWW, LLC. The excerpts focus on the nature of the business, its revenue streams, and the auditor's report. While the auditor's report mentions TCWW, LLC as a subsidiary in the context of consolidated financial statements, it does not provide a monetary value for the investment.
A prospective franchisee should ask Gold Star for the specific investment value in TCWW, LLC. This information would be essential for understanding the financial structure of Gold Star and the performance of its subsidiaries. Understanding the investment in subsidiaries can provide a more comprehensive view of the company's financial health and strategic investments.