How many Best Brains franchises in Iowa were not renewed in 2024?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
22 | 0 | | | 2023 | 1 | | | 2024 | 0 | | Totals | 2022 | 2 | | | 2023 | 2 | | | 2024 | 6 | Table No. 3 Status of Franchise Outlets For Years 2022 to 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at the End of the Year |
|---|
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 36–42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, one franchise in Iowa was not renewed in 2024. The table provided in Item 20 outlines outlet information, including non-renewals, across various states and years. Specifically, for Iowa in 2024, the 'Non-Renewals' column indicates a value of 1.
This means that one Best Brains franchise location in Iowa had its franchise agreement expire and was not renewed for another term. For a prospective franchisee, this highlights the importance of understanding the terms of the franchise agreement, particularly the renewal conditions and the factors that might influence the franchisor's decision to not renew an agreement. It is also worth noting that while one franchise was not renewed, another Best Brains location was opened in Iowa during 2024.
Overall, the non-renewal of a franchise can depend on various factors, including the franchisee's performance, adherence to brand standards, and the overall market conditions. It is essential for potential franchisees to discuss renewal expectations and potential challenges with the franchisor before investing in a Best Brains franchise.