How many Best Brains outlets were operating in Minnesota at the start of 2023?
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, there were 4 Best Brains outlets operating in Minnesota at the start of 2023. This information is based on the table provided in Item 20, which details the number of outlets at the start of the year, outlets opened, and outlets at the end of the year for various states. For a prospective franchisee, this indicates the existing market presence of Best Brains in Minnesota during that period.
This data point is useful for understanding the growth and stability of Best Brains in Minnesota. The fact that there were already 4 outlets at the beginning of 2023 suggests an established, albeit not extensive, presence in the state. A potential franchisee might consider this when evaluating the market potential and competition in Minnesota.
It's also important to note that while the FDD provides historical data on outlet numbers, it does not guarantee future performance. A prospective franchisee should conduct their own market research and due diligence to assess the current demand for Best Brains' services in their target area within Minnesota.