Are the financial statements of Best Brains included as an exhibit in the FDD?
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
Exhibit K Receipts
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the financial statements of Best Brains are included as an exhibit. Specifically, Exhibit H to the FDD contains the financial statements. This is a standard practice in franchising, as it allows potential franchisees to review the financial health and stability of the franchisor before making an investment.
Prospective franchisees should carefully examine these financial statements. Key items to review include revenue trends, profitability, assets, liabilities, and overall financial condition. Understanding these aspects can help a franchisee assess the risks and potential rewards associated with investing in a Best Brains franchise.
In addition to the financial statements, the FDD includes other exhibits such as the Franchise Agreement (Exhibit B), Promissory Notes (Exhibit C), and a list of current franchisees (Exhibit E). Reviewing all exhibits is crucial for a comprehensive understanding of the franchise opportunity.