When was Stretch Zone Franchising, LLC organized in the State of Florida?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
The accompanying financial statements include the accounts of Stretch Zone Franchising, LLC (the "Company"), a wholly owned subsidiary of Stretch Zone Holdings, LLC (the "Former Parent"). The Company was organized on November 15, 2015, in the state of Florida. The Company's only business is to offer and sell franchises under the Stretch Zone name and to provide support to its health clubs across the United States. Effective March 31, 2023, the Company was sold by Stretch Zone Holdings, LLC to SZ PEP Holdco, LLC, the Acquiror (the "Parent").
On March 31, 2023, the beneficial owners of the Parent entered into a securities purchase agreement with a third party effectively selling approximately an 80% interest in the Company to the third party, with those beneficial owners retaining the approximately 20% rollover interest. This transaction resulted in a change in control of the Company, which triggered the payment of the unit appreciation rights (see Note J).
Source: Item 3 — Franchisee/Debtor's Warranties. (FDD pages 263–364)
What This Means (2025 FDD)
According to Stretch Zone's 2025 Franchise Disclosure Document, Stretch Zone Franchising, LLC was organized in the State of Florida on November 15, 2015. The company is a wholly-owned subsidiary of Stretch Zone Holdings, LLC. Stretch Zone Franchising, LLC's primary business is offering and selling franchises under the Stretch Zone name and providing support to its health clubs throughout the United States.
It's important for potential franchisees to note that on March 31, 2023, Stretch Zone Holdings, LLC sold Stretch Zone Franchising, LLC to SZ PEP Holdco, LLC. On the same day, the beneficial owners of SZ PEP Holdco, LLC sold approximately 80% interest in the company to a third party, while retaining a 20% rollover interest. This transaction resulted in a change in control of the company, triggering the payment of unit appreciation rights.
This information is relevant for prospective franchisees as it provides insight into the company's history, ownership changes, and business activities. Understanding the organizational structure and any significant transactions can help franchisees assess the stability and direction of the Stretch Zone franchise system.