Does Item 21 contain the financial statements for Engineering For Kids?
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 Engineering For Kids' 2025 Franchise Disclosure Document, Item 21 includes the company's financial statements. Specifically, Exhibit E of the FDD contains the audited financial statements for Engineering for Kids International, LLC, for the years ending December 31, 2022, December 31, 2023, and December 31, 2024. The company's fiscal year ends on December 31.
These financial statements are crucial for prospective franchisees as they provide an overview of the franchisor's financial health and stability. Reviewing these statements can help potential franchisees assess the franchisor's ability to support its franchisees and maintain the Engineering For Kids system.
The inclusion of audited financial statements for the past three years (2022, 2023, and 2024) allows for a trend analysis, which can reveal important insights into the company's financial performance over time. This information helps potential franchisees make informed decisions about investing in an Engineering For Kids franchise.