What information must a prospective Best Brains franchisee provide on the receipt?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| PROSPECTIVE FRANCHISEE: | |
|---|---|
| Date you received this Disclosure Document | |
| If an individual: | If a business entity: Name of Business Entity By: |
| Signature | Signature / |
| Printed Name | Printed Name/Title |
| Address | Address |
| (Telephone number) | (Telephone number) |
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, prospective franchisees must provide specific information on the receipt included as Exhibit K. This receipt serves as confirmation that the franchisee received the disclosure document.
The receipt requires the date the prospective franchisee received the Disclosure Document. If the franchisee is an individual, they must provide their signature, printed name, address, and telephone number. If the franchisee is a business entity, they must provide the name of the business entity, a signature along with the printed name and title of the person signing, the business address, and the business telephone number.
Best Brains requires franchisees to sign, date, and return a copy of the receipt to Best Brains, Inc. at their Illinois headquarters. This confirms that the franchisee has received and acknowledged the FDD, which is a crucial step in the franchise sales process and helps ensure compliance with federal and state regulations.
It is important for prospective Best Brains franchisees to fill out this receipt accurately and retain a copy for their records, as it serves as proof of compliance with disclosure requirements. This receipt, along with careful review of the entire FDD, is a key part of making an informed decision about investing in a Best Brains franchise.