How many Best Brains outlets were operating in Michigan at the start of 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 |
|---|---|---|---|---|---|---|---|---|
| Arizona | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 2 | 0 | 0 | 0 | 0 | 4 | |
| Arkansas | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 1 | 0 | 0 | 0 |
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 were 7 Best Brains outlets operating in Michigan at the start of 2024. The table provided in Item 20 of the FDD offers a detailed overview of outlet locations and changes over the years. This information is crucial for prospective franchisees as it gives insight into the brand's presence and growth in specific regions.
Specifically, the table tracks the number of outlets at the start of the year, the number of outlets opened during the year, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. For Michigan, the data shows a consistent presence with 7 outlets operating at both the beginning and end of 2022 and 2023, and also starting 2024.
This consistent number suggests a stable market presence for Best Brains in Michigan during those years. A prospective franchisee might want to further investigate the performance and market dynamics of these existing Michigan locations to better understand the local market conditions and potential opportunities or challenges. Understanding the history and stability of existing locations can inform a franchisee's decision-making process and business strategy.