How many Best Brains franchises in Maryland were not renewed in 2022?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| | 2024 | 1 | |---|---|---| | Texas | 2022 | 1 | | | 2023 | 0 | | | 2024 | 1 | | Wisconsin | 2022 | 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
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 Best Brains franchise in Maryland was not renewed in 2022. The table provided in Item 20 outlines the number of outlets that experienced non-renewals during that year.
Non-renewal of a franchise signifies that the franchisee's agreement with Best Brains was not extended upon its expiration. This can occur for various reasons, such as the franchisee's decision not to continue, failure to meet performance standards, or changes in the franchisor's strategic direction.
For a potential Best Brains franchisee, this information highlights the importance of understanding the terms of the franchise agreement, maintaining good standing with the franchisor, and carefully considering the long-term prospects of the business. It's also worth noting that non-renewal rates can vary across different franchise systems and industries, so comparing Best Brains' figures to industry averages can provide additional context.