What was the amount of the Best Brains credit card liability at Chase as of December 31, 2023?

According to Best Brains' 2025 Franchise Disclosure Document, the credit card liability at Chase was $36,525.47 as of December 31, 2023. This figure represents the amount Best Brains owed to Chase bank on its credit card at that specific point in time.

For a prospective franchisee, understanding these liabilities is crucial. It provides insight into the company's financial management and how it utilizes credit. A high credit card liability could indicate heavy reliance on credit for operational expenses, which might be a red flag. Conversely, a well-managed liability suggests sound financial practices.

It's also worth noting that the credit card liability at Chase was $48,735.96 as of December 31, 2022. The decrease in liability from 2022 to 2023 could be a positive sign, indicating improved financial management or a reduction in reliance on credit. A potential franchisee should inquire about the reasons for these changes to gain a better understanding of Best Brains' financial health and strategies.