How many Best Brains outlets were operating in North Carolina at the end 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 |
|---|---|---|---|---|---|---|---|---|
| Arizo |
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 14 Best Brains outlets operating in North Carolina at the end of 2024. At the start of 2024, there were 9 outlets. During the year, 6 new outlets were opened, and one ceased operations for other reasons.
For a prospective franchisee, this indicates the growth and presence of Best Brains in North Carolina. The opening of 6 new outlets suggests a growing demand for Best Brains' services in the state. However, the closure of one outlet also highlights the potential risks and challenges involved in operating a franchise, such as market saturation or underperformance.
It's important to note that while the number of outlets increased, one ceased operations for other reasons. This could be due to various factors, such as poor location, mismanagement, or failure to meet performance standards. Prospective franchisees should investigate the reasons behind such closures to better understand the challenges and opportunities in the North Carolina market. Understanding the dynamics of the market, including the reasons for both openings and closures, can help a franchisee make informed decisions and develop strategies for success.