How many Best Brains outlets were operating in Illinois at the start of 2024?
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 |
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 1 Best Brains center operating in Illinois at the beginning of 2024. The provided table in Item 20 outlines the number of outlets at the start of the year, outlets opened, reacquired outlets, outlets closed, outlets sold, and outlets at the end of the year for Illinois.
It is important to note that while there was 1 Best Brains center operating in Illinois at the start of 2024, the table also shows the changes in the number of outlets over the past few years. In 2022, there were 4 outlets at the start of the year, but after selling 3 outlets to franchisees, the year ended with only 1 outlet. This demonstrates the fluctuations that can occur in the number of operating centers.
Prospective franchisees should consider these historical trends when evaluating the potential for growth and stability in a specific market. Understanding the reasons behind outlet closures or transfers can provide valuable insights into the challenges and opportunities within the Best Brains franchise system. Further due diligence, including speaking with current and former franchisees, is recommended to gain a comprehensive understanding of the Illinois market.