Who at Extreme Art Studio should I contact if I have questions about financial performance representations?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
Extreme Art Studio Franchising, LLC does not make any financial performance representations. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting Lara Olson at Extreme Art
Studio Franchising LLC, 7566 Market Place Drive, Eden Prairie, MN 55343, (952) 937-7600; the Federal Trade Commission; and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 46–47)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio FDD, Extreme Art Studio Franchising, LLC does not make any financial performance representations, nor do they authorize employees or representatives to make such representations orally or in writing. However, if you receive any financial performance information or projections about your future income that are not included in Item 19, you should report it.
To report unauthorized financial performance information, you should contact Lara Olson at Extreme Art Studio Franchising LLC, located at 7566 Market Place Drive, Eden Prairie, MN 55343. The phone number is (952) 937-7600. You should also report it to the Federal Trade Commission and the appropriate state regulatory agencies.
It is important to note that if you are purchasing an existing Extreme Art Studio outlet, the franchisor may provide you with the actual records of that specific outlet. This is an exception to the general rule against financial performance representations. Prospective franchisees should be wary of any financial projections or income claims not explicitly provided in Item 19 or documented in the records of an existing outlet being purchased.