What is the name of the company that handles Extreme Art Studio franchising?
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 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 46–47)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the franchisor is Extreme Art Studio Franchising, LLC. This entity is responsible for offering and managing Extreme Art Studio franchises. Extreme Art Studio Franchising, LLC was formed in Minnesota on July 20, 2023, and began offering franchises in September 2023. Their principal business address is 7566 Market Place Drive, Eden Prairie, MN 55344.
Extreme Art Studio Franchising, LLC operates under the names Extreme Art Studio Franchising, LLC, Extreme Art Studio, and Extreme Art and Wonderplay Brands. It does not conduct business under any other name or in any other line of business. The parent company of Extreme Art Studio Franchising, LLC is Lara Schinke-Olson, Inc. (LSO), which owns the trademarks and licenses them to Extreme Art Studio Franchising, LLC.
For a potential franchisee, this means that all dealings regarding the franchise agreement, training, and support will be with Extreme Art Studio Franchising, LLC. It is important to note that while LSO is the parent company, it does not offer franchises itself, but it does operate a Kidcreate business. Additionally, Kidcreate Studio Franchising, LLC, an affiliate, offers franchises for Kidcreate Studio businesses.