What is the role of Engineering For Kids International, LLC in relation to its franchisees?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
Engineering for Kids International, LLC (the Company), a Delaware limited liability company, was organized on October 12, 2020. The Company is a Franchisor and is engaged in the business of providing their Franchisees the ability to offer the Engineering for Kids curriculum and programming.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Engineering For Kids Franchise Disclosure Document, Engineering For Kids International, LLC acts as the franchisor. As a franchisor, Engineering For Kids grants franchisees the right to operate an Engineering For Kids franchise, offering its curriculum and programming to customers. The franchise agreement outlines the terms and conditions under which the franchisee can operate their business. Engineering For Kids also administers and collects fees from its franchisees. However, the franchise rights are held by LaunchLife USA, Inc., their parent company, and Engineering For Kids pays a royalty fee to LaunchLife USA, Inc. for the use of the franchise rights.
Engineering For Kids is responsible for providing the Franchise Disclosure Document (FDD) to potential franchisees within specific timeframes, as mandated by federal and state laws. This document contains important information about the franchise, including the franchise agreement, financial statements, and other relevant details. If Engineering For Kids fails to deliver the FDD on time or if the document contains false or misleading statements, it could be in violation of federal and state laws.
Engineering For Kids requires that franchisees sign a franchise agreement, and it may also require a personal guaranty from the franchisee. This guaranty ensures that the franchisee's obligations under the franchise agreement are met. Engineering For Kids may also disclose a franchisee's contact information to other potential buyers when they leave the franchise system. The company's financial statements are audited by an independent auditor, and these statements are included in the FDD. These statements provide information about the company's financial performance and position.