In the Extreme Art Studio Franchise Disclosure Document, what entities do the terms 'EAS,' 'we,' 'us,' and 'our' refer to?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
To simplify the language in this Franchise Disclosure Document, "EAS," and "we," "us," and "our" means Extreme Art Studio Franchising, LLC, the franchisor. "You," "your," and "Franchisee" means the person, and its owners if the Franchisee is a business entity, who buys the franchise from EAS.
The Franchisor
EAS is a Minnesota limited liability company formed on July 20, 2023. Our principal business address is 7566 Market Place Drive, Eden Prairie, MN 55344. We began offering franchises ("Franchises") for Extreme Art Studio Businesses in September 2023.
We operate under the name Extreme Art Studio Franchising, LLC, Extreme Art Studio and Extreme Art and Wonderplay Brands. We do not conduct business under any other name or in any other line of business. We do not conduct, and have never conducted, a business of the type described in this Franchise Disclosure Document, but we may do so in the future. Our agents for service of process are identified by state in Exhibit A.
Our Parents, Predecessors and Affiliates
We do not have any predecessors required to be included in this Item. Our parent company is Lara Schinke-Olson, Inc. ("LSO"). LSO's principal business address is 9375 Coldstream Lane, Eden Prairie, Minnesota 55347. LSO owns the Marks and licenses them to us. LSO also operates one Kidcreate business and has done so since 2007. LSO does not offer franchises in any line of business.
None of our affiliates operate Extreme Art Studio Businesses. Our affiliate, Kidcreate Studio Franchising, LLC ("KSF") has been offering franchises ("Kidcreate Franchises") for Kidcreate Studio businesses since May 2016 and franchises for Kidcreate On the Go Businesses since August 2020. As of December 31, 2023, there were 16 Kidcreate Studio franchised businesses, two Kidcreate On the Go franchised businesses, two company-owned Kidcreate Studio businesses and no company-owned Kidcreate On the Go businesses. Except for KSF, none of our affiliates offers franchises in this or any line of business.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 9–10)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the terms 'EAS,' 'we,' 'us,' and 'our' refer to Extreme Art Studio Franchising, LLC, which is the franchisor. The terms 'You,' 'your,' and 'Franchisee' refer to the person or business entity purchasing the franchise from Extreme Art Studio. Extreme Art Studio Franchising, LLC, was formed in Minnesota on July 20, 2023, and began offering franchises in September 2023.
For prospective franchisees, this definition is crucial as it clarifies the roles and responsibilities of each party involved in the franchise agreement. Understanding that 'EAS,' 'we,' 'us,' and 'our' specifically denote Extreme Art Studio Franchising, LLC, ensures that franchisees know exactly which entity they are contracting with and who is responsible for upholding the franchisor's obligations outlined in the Franchise Disclosure Document.
Extreme Art Studio Franchising, LLC operates under the names Extreme Art Studio Franchising, LLC, Extreme Art Studio and Extreme Art and Wonderplay Brands. The parent company of Extreme Art Studio Franchising, LLC is Lara Schinke-Olson, Inc. ('LSO'). LSO owns the Marks and licenses them to Extreme Art Studio Franchising, LLC. LSO also operates one Kidcreate business and has done so since 2007. Another affiliate, Kidcreate Studio Franchising, LLC ('KSF') has been offering franchises for Kidcreate Studio businesses since May 2016 and franchises for Kidcreate On the Go Businesses since August 2020. As of December 31, 2023, there were 16 Kidcreate Studio franchised businesses, two Kidcreate On the Go franchised businesses, two company-owned Kidcreate Studio businesses and no company-owned Kidcreate On the Go businesses.
Knowing the specific legal entity behind the franchise and its related entities helps franchisees assess the franchisor's experience, financial stability, and overall support system. It is also important to note that franchisees are referred to as 'you,' 'your,' and 'Franchisee,' which defines their role and obligations within the franchise relationship.