What is the maximum amount Best Brains currently charges for lease renewal?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 6. OTHER FEES
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Add-on Programs incur a monthly royalty of 7% of Gro |
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, franchisees may have to reimburse Best Brains for costs associated with lease renewal. The FDD states that the lease renewal fee currently does not exceed $3,500. This fee is due upon the execution of the lease renewal by the landlord.
This means that when a franchisee's lease is up for renewal, Best Brains may charge the franchisee for costs they incur during the renewal process. While the FDD specifies that this fee does not currently exceed $3,500, it is important to note the use of the word "currently," which implies that this amount is subject to change.
Prospective franchisees should inquire about what specific costs are included in this lease renewal fee and whether there are any circumstances under which the fee could exceed the stated $3,500 maximum in the future. Understanding the potential for increases and the nature of the costs will help franchisees budget and plan for lease renewals.