How many Best Brains outlets were terminated in Kentucky during 2022?
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 termination of a Best Brains outlet in Kentucky during 2022. At the start of 2022, there were two outlets in Kentucky. After one termination, the year ended with one outlet in the state.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Best Brains franchises in specific geographic areas. Terminations can occur for various reasons, including poor performance, failure to comply with franchise agreements, or voluntary closure by the franchisee. A high number of terminations could indicate potential issues with the franchise system or market conditions in that area.
It is important to note that while one termination occurred, the document does not specify the reason for the termination. Prospective franchisees should investigate further to understand the context behind the termination and assess whether it poses a significant risk to their investment. Understanding the reasons for past terminations can help a potential franchisee evaluate the risks and opportunities associated with investing in a Best Brains franchise in Kentucky or similar markets.
Reviewing the overall number of terminations across the Best Brains system, and comparing that to the number of new outlets opened, can provide a more complete picture of the franchise's health and growth trajectory. This information, combined with direct conversations with current and former franchisees, can help potential investors make an informed decision.