What is the current daily rate for the Management Fee charged by Best Brains?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Management Fee | To be determined under circumstances. Currently $500 per day, plus reasonable expenses. | As incurred | Payable during period that our appointed manager manages the Franchised Business upon your default, death, or disability. FA Sec. 7(D). |
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the Management Fee is currently $500 per day, plus reasonable expenses. This fee is not a standard, ongoing charge. Instead, it is only payable during any period when a manager appointed by Best Brains is managing the Franchised Business.
This situation would arise specifically upon a franchisee's default, death, or disability, as outlined in FA Sec. 7(D). The fee covers the cost of Best Brains providing management oversight to ensure the continued operation of the center during unforeseen circumstances. In addition to the daily rate, the franchisee is also responsible for covering any reasonable expenses incurred during the management period.
It's important to note that the Management Fee circumstances and amount are subject to change. The FDD specifies that the fee is "to be determined under circumstances," indicating that the $500 per day rate is the current rate but could be adjusted in the future. A prospective franchisee should clarify with Best Brains what conditions might lead to a change in this fee and what types of expenses are considered 'reasonable' in this context.