What is the definition of the term 'Acquisition Date' in relation to the Engineering For Kids franchise?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
The "Engineering for Kids" franchise system was first developed and operated by our predecessor and its affiliate. On October 31, 2020 (the "Acquisition Date"), we became the franchisor of the "Engineering for Kids" franchise system through as asset purchase from EK Franchising Company ("EKFC") and Engineering for Kids, Inc. ("EFKI"). As of the Acquisition Date, we and our parent, LaunchLife USA, Inc. purchased the assets used in operating the franchise system, including all existing franchise agreements and international master franchise agreements, and the "Engineering for Kids" and related trademarks.
EKFC is a Virginia corporation that was formed on July 27, 2010. EFKI is a Virginia corporation that was formed on February 2, 2009. EKFC and EFKI have their principal place of business at 1320 Central Park Boulevard, Suite 201, Fredericksburg, Virginia 22401. EFKI operated the first Engineering For Kids Business in Stafford, Virginia from 2009 until the Acquisition Date. From September 2011 to the Acquisition Date, EKFC offered franchises for Engineering For Kids Businesses Except as stated, EKFI and EKFC never offered franchises in any line of business or conducted any other business.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 4–8)
What This Means (2025 FDD)
According to the 2025 Engineering For Kids Franchise Disclosure Document, the Acquisition Date refers to October 31, 2020. On this date, Engineering for Kids International, LLC became the franchisor of the Engineering For Kids franchise system. This acquisition involved purchasing assets from EK Franchising Company (EKFC) and Engineering for Kids, Inc. (EFKI). These assets included existing franchise agreements, international master franchise agreements, and the Engineering For Kids trademarks.
Prior to the Acquisition Date, EKFC and EFKI were responsible for operating and franchising the Engineering For Kids system. EFKI operated the first Engineering For Kids business starting in 2009, and EKFC began offering franchises in 2011. The acquisition marked a change in ownership and management of the Engineering For Kids franchise system.
For a prospective franchisee, the Acquisition Date is important because it signifies when the current franchisor, Engineering for Kids International, LLC, took over the franchise system. Understanding the history of the franchise and its previous ownership can provide valuable context for evaluating the current franchise opportunity. It is also important to note that the current franchisor began offering franchises in the United States in August 2021, approximately ten months after the acquisition.