How many Best Brains franchise agreements have been signed in Michigan, but the outlet is not yet open?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of the Year | Outlets Opened | Outlets Reacquired From Franchisees | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year | |---|---|---|---|---|---|---|---| | Illinois | 2022 | 4 | 0 | 0 | 0 | 3 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 1 | | Virginia | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 1 | | Totals | 2022 | 5 | 0 | 0 | 0 | 3 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 2 | *Includes learning centers owned and operated by principals of the franchisor.
Table No. 5 Projected Openings as of December 31, 2024
| State | Franchise Agreements Signed But Outlet Not Open | Projected New Franchi
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 36–42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, as of December 31, 2024, there were 2 franchise agreements signed in Michigan for which the outlet had not yet opened. This means that these franchisees have committed to opening a Best Brains center in Michigan, but the location was not operational at the time the FDD was issued.
For a prospective franchisee, this information indicates the level of recent expansion activity in Michigan. It could mean that the market is growing and there is demand for Best Brains services. However, it could also mean that there may be increased competition in the future as these new locations become operational.
It is important to note that the FDD also projects 3 new franchised outlets to open in Michigan in the next fiscal year. This suggests that Best Brains is actively looking to expand its presence in the state. A potential franchisee should investigate the reasons why the 2 existing franchise agreements have not yet resulted in open outlets, and also consider the potential impact of the projected new outlets on their own business.