What is the fiscal year for the Company for Best Brains?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
- N. Fee Increase. Notwithstanding anything to the contrary contained in this Agreement, all specified fees, contributions and dollar amounts referred to in this Agreement may be increased from time to time by the Company, but in no event more than once during any fiscal year of Company, to reflect increases in the Metropolitan Area Consumer Price Index for Urban Consumers - All Items (1982- 1984 = 100) ("Consumer Price Index") from the date of this Agreement, as published by the U.S. Department of Labor, or in a successor index. Any initial increase will be based solely on any increase of the Consumer Price Index from and after July 1, 2011 and any such increase will be uniform as to all BEST BRAINS learning center franchisees.
Source: Item 23 — RECEIPTS (FDD pages 42–190)
What This Means (2025 FDD)
According to the 2025 Best Brains Franchise Disclosure Document, while the exact start and end dates of Best Brains' fiscal year are not explicitly stated, the document mentions that the company may increase specified fees, contributions, and dollar amounts no more than once during any fiscal year. This increase is tied to the Metropolitan Area Consumer Price Index for Urban Consumers.
Specifically, any initial increase will be based on the increase in the Consumer Price Index from and after July 1, 2011. This implies that Best Brains reviews and potentially adjusts its fees annually, possibly aligning with a fiscal year that could start around July 1st.
Prospective franchisees should confirm the exact dates of Best Brains' fiscal year with the franchisor to fully understand the timing of potential fee increases and other financial reporting aspects.