How many Best Brains outlets were not renewed in Iowa during 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 |
|---|
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 one Best Brains location in Iowa that was not renewed during 2024. The table provided in Item 20 of the FDD outlines the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and outlets at the end of the year for each state.
Specifically for Iowa in 2024, the table shows that there was one outlet at the start of the year and one outlet opened during the year. There was one non-renewal, and after accounting for these changes, there was still one outlet at the end of the year. This indicates that one franchise agreement in Iowa was not renewed during that year.
This information is valuable for potential franchisees as it provides insight into the stability and success rate of Best Brains franchises in specific locations. A non-renewal could be due to various factors, such as the franchisee's decision not to continue, failure to meet performance standards, or changes in the market. Prospective franchisees should consider these factors and conduct thorough due diligence to understand the reasons behind non-renewals and assess the potential risks and opportunities in their desired location.