When is the Lease Renewal Fee payable to Best Brains?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 6. OTHER FEES
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Add-on Programs incur a monthly royalty of 7% of Gro |
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the Lease Renewal Fee is payable upon the execution of the lease renewal by the landlord. The fee is to reimburse Best Brains' costs, and currently does not exceed $3,500.
This means that if a Best Brains franchisee chooses to renew their lease, they will be responsible for covering Best Brains' expenses related to the renewal process. The fee is triggered when the landlord formally executes the lease renewal agreement. Franchisees should budget for this expense when considering lease renewal options.
It's important to note that while the FDD states the current Lease Renewal Fee does not exceed $3,500, this amount is subject to change. Prospective franchisees should confirm the most up-to-date fee amount with Best Brains before making any decisions about lease renewals. Understanding the timing and amount of this fee is crucial for managing cash flow and ensuring compliance with the franchise agreement.