Does the Engineering For Kids FDD include financial statements for 2022?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit E to this disclosure document contains the following financial statements: the audited financial statements for Engineering for Kids International, LLC as of December 31, 2022, December 31, 2023 and December 31, 2024. Our fiscal year end is December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 52–53)
What This Means (2025 FDD)
According to the 2025 Engineering For Kids FDD, the financial statements include audited financial statements as of December 31, 2022, December 31, 2023, and December 31, 2024. The Engineering For Kids fiscal year ends on December 31. These financial statements are included as Exhibit E to the disclosure document.
The inclusion of these audited financial statements provides prospective franchisees with an overview of Engineering For Kids's financial performance over the past three years. This allows potential franchisees to assess the financial stability and profitability of the company.
Furthermore, the independent auditor's report indicates that the financial statements for 2022 and 2023 were audited by other auditors, with reports issued on June 20, 2023, and May 17, 2024, respectively, expressing an unmodified opinion on those statements. This suggests that Engineering For Kids has consistently undergone audits by qualified professionals, enhancing the credibility of the financial information presented.