How many Best Brains franchises in Illinois were transferred in 2024?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| California | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 2 | |
| Illinois | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 1 | |
| Maryland | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| Minnesota | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| --- | --- | --- |
| Texas | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 1 | |
| Wisconsin | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Totals | 2022 | 2 |
| 2023 | 2 | |
| 2024 | 6 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 36–42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, there was one franchise transfer in Illinois during the year 2024. This information is based on data compiled by Best Brains regarding franchise transfers within their system. Franchise transfers occur when an existing franchisee sells their franchise to a new owner, subject to the franchisor's approval.
For a prospective Best Brains franchisee, understanding the rate of franchise transfers can provide insights into the stability and desirability of owning a franchise within a specific region. A low number of transfers might suggest that franchisees are generally satisfied with their investment, while a high number could indicate potential challenges or dissatisfaction among franchisees. It is important to note that franchise transfers are a normal part of any franchise system as franchisees may decide to sell for various personal or business reasons.
It is also important to consider the reasons behind franchise transfers. Potential franchisees should inquire about the performance of transferred locations and the reasons for the transfers to better assess the opportunities and risks associated with investing in a Best Brains franchise. Reviewing Item 20 in the FDD provides valuable data to help potential franchisees conduct thorough due diligence.