Does the Best Brains FDD include a list of current franchisees as an exhibit?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a disclosure document dated May 27, 2025 that included the following Exhibits:
Exhibit A State Administrators and Agents for Service of Process
Exhibit B Franchise Agreement
Schedule 1-Franchise Location
Schedule 2-Lease Rider
Schedule 3-ACH Authorization Form
Schedule 4-Initial Inventory Agreement
Schedule 5-State Law Addenda to the Franchise Agreement
Exhibit C Promissory Notes Exhibit D Option Agreement Exhibit E List of Franchisees
Exhibit F List of Former Franchisees
Exhibit G Release
Exhibit H Financial Statements
Exhibit I State Addenda to the Disclosure Document
Exhibit J State Effective Dates
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, Exhibit E includes a list of franchisees. Additionally, Exhibit F contains a list of former franchisees. Prospective franchisees can use this list to contact current and former Best Brains franchisees to learn more about their experiences with the franchise system.
Having access to a list of current franchisees is valuable for potential Best Brains franchisees. It allows them to conduct due diligence by reaching out to existing franchisees to discuss various aspects of the business, such as operational challenges, marketing strategies, and the level of support provided by the franchisor. Speaking with current franchisees can provide firsthand insights into the day-to-day realities of running a Best Brains franchise.
The inclusion of a list of former franchisees is also beneficial. These individuals may offer a different perspective, potentially highlighting areas where the franchise system could improve or reasons why they chose to leave the system. Contacting former franchisees can provide a more balanced view of the franchise opportunity.
It is important for prospective franchisees to utilize these lists responsibly and ethically. They should prepare thoughtful questions and respect the time of the current and former franchisees they contact. The information gathered from these conversations can be a crucial component of the decision-making process when considering a Best Brains franchise.