If I receive projections of future income related to an Extreme Art Studio franchise, what should I do?

According to the 2024 Extreme Art Studio Franchise Disclosure Document, Extreme Art Studio Franchising, LLC does not make any financial performance representations, nor do they authorize employees or representatives to make such representations either orally or in writing. The only exception is if you are purchasing an existing outlet, in which case they may provide you with the actual records of that specific outlet.

If you receive any financial performance information or projections of your future income that are not actual records from an existing outlet you are considering purchasing, you should report it. You are instructed to report it to Lara Olson at Extreme Art Studio Franchising LLC, located at 7566 Market Place Drive, Eden Prairie, MN 55343, and reachable by phone at (952) 937-7600. You should also report it to the Federal Trade Commission and the appropriate state regulatory agencies.

This policy is in place to protect prospective franchisees from misleading or unsubstantiated claims about potential earnings. Franchisees should rely only on the information provided in the FDD and their own due diligence when evaluating the potential profitability of an Extreme Art Studio franchise. Reporting unauthorized financial performance representations helps ensure transparency and compliance within the Extreme Art Studio franchise system.