When did Red Wagon Club begin offering franchises?
Red_Wagon_Club Franchise · 2024 FDDAnswer from 2024 FDD Document
We are a limited liability company that was formed in Florida on June 27, 2024. We began offering franchises as of the date of this Disclosure Document. We conduct business under our corporate name and the name "Red Wagon Club." Our principal business address is 2801 Florida Avenue, Suite C, Coconut Grove, Florida 33133. We do not operate businesses of the type being offered in this Disclosure Document, we do not have any other business activities, and we have not offered any franchises in any other lines of business.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 10–11)
What This Means (2024 FDD)
According to Red Wagon Club's 2024 Franchise Disclosure Document, Red Wagon Club Franchise, LLC, began offering franchises as of the date of the FDD. The company was formed in Florida on June 27, 2024, and conducts business under the name "Red Wagon Club." The principal business address is 2801 Florida Avenue, Suite C, Coconut Grove, Florida 33133.
It is important to note that Red Wagon Club does not operate businesses of the type being offered in the FDD, has no other business activities, and has not offered franchises in any other lines of business. This means that Red Wagon Club is a newly formed franchise system without prior operating experience in the specific business model being franchised.
Prospective franchisees should carefully consider the implications of investing in a new franchise system. While there may be opportunities for growth and development, there is also a higher level of risk compared to investing in a more established franchise. It would be prudent to conduct thorough due diligence, including speaking with other franchisees (if any exist) and seeking advice from experienced franchise professionals.