factual

What is the name of the company for which financial statements are provided in the Engineering For Kids FDD?

Engineering_For_Kids Franchise · 2025 FDD

Answer from 2025 FDD Document

ITEM 21 FINANCIAL STATEMENTS

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 provided are for Engineering for Kids International, LLC. Specifically, Exhibit E of the disclosure document contains the audited financial statements for Engineering for Kids International, LLC as of 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 offer insights into the financial health and performance of Engineering For Kids. By reviewing these statements, potential franchisees can assess the franchisor's revenue, expenses, assets, and liabilities. This information can help them evaluate the stability and profitability of the franchise system.

The inclusion of audited financial statements for the past three years (2022, 2023, and 2024) allows for a trend analysis, enabling potential franchisees to identify patterns and assess the company's growth trajectory. Furthermore, the independent auditor's report included with the financial statements provides an opinion on the fairness of the presentation of the company's financial position, offering an additional layer of assurance.

It is important for prospective franchisees to carefully review these financial statements and consult with a financial advisor to fully understand the implications and potential risks associated with investing in an Engineering For Kids franchise. Understanding the franchisor's financial standing is a key step in making an informed decision.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.