What is the geographic scope of the search area allowed under the Best Brains Option Agreement?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
ternate channel of distribution.
You do not receive any rights of first refusal or similar rights to acquire additional franchises.
However, if you are a current franchisee, if we feel that you have the time, energy, management acumen, and capital to expand, we may allow you the right to enter into an Option Agreement (Exhibit D to the Disclosure Document). In exchange for a payment to us of $2,500, we will allow you 90 days to search for a Center location in an agreed upon Search Area. If you find such a location and enter into a Franchise A
Source: Item 5 — INITIAL FEES (FDD page 11)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the geographic scope of the search area allowed under the Option Agreement is determined by an 'agreed upon Search Area'.
Best Brains may offer current franchisees the option to expand if they possess the necessary resources and capabilities. This opportunity involves entering into an Option Agreement, detailed in Exhibit D of the FDD. For a payment of $2,500, Best Brains grants the franchisee 90 days to find a location within a Search Area that is agreed upon by both parties.
If the franchisee successfully secures a location and enters into a Franchise Agreement, the $2,500 payment is credited towards the franchise fee. However, if no location is secured within the 90-day period, the $2,500 is nonrefundable. The specific details of the Search Area are not pre-defined in the FDD but are determined on a case-by-case basis between Best Brains and the franchisee.