Who is the parent company of Extreme Art Studio?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
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.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 9–10)
What This Means (2024 FDD)
According to Extreme Art Studio's 2024 Franchise Disclosure Document, the parent company of Extreme Art Studio Franchising, LLC is Lara Schinke-Olson, Inc. ("LSO"). LSO's principal business address is 9375 Coldstream Lane, Eden Prairie, Minnesota 55347.
The FDD states that LSO owns the trademarks and licenses them to Extreme Art Studio Franchising, LLC. LSO also operates one Kidcreate business and has done so since 2007, but does not offer franchises in any line of business.
Prospective franchisees should understand the relationship between Extreme Art Studio and its parent company, LSO, as this could impact the long-term strategy and stability of the franchise system. It is important to note that LSO also operates a Kidcreate business, which may or may not be considered a competitor. Understanding the dynamics between these entities is crucial for making an informed investment decision.