What methods of payment are accepted for the Initial Franchise Fee for a Best Brains franchise?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Estimated Amount | Method of Payment | When Due | To Whom Payment is to be Made | |
|---|---|---|---|---|---|
| Low | High | ||||
| Initial Franchise Fee (Note 1) | $14,500 | $14,500 | Check or electronic transfer | Upon signing the Franchise Agreement | Us |
| Training Fee (Note 2) | $3,500 | $3,500 | Check or electronic transfer | Upon signing the Franchise Agreement | Us |
| Initial Inventory & Equipment (Note 3) | $1,000 | $10,600 | Check or electronic transfer | Upon receipt | Us |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–19)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the accepted methods of payment for the initial franchise fee depend on the type of learning center. For a Premium Learning Center, the initial franchise fee ranges from $14,500 to $14,500 and must be paid via check or electronic transfer upon signing the Franchise Agreement.
For a Teacher Learning Center, the initial inventory and equipment fee, which ranges from $1,000 to $10,600, can be paid via check or credit card upon signing the Franchise Agreement. Best Brains also offers financing for Teacher Learning Centers, where they will finance up to $30,000 of the initial investment over 24 months at 0% interest. For example, a $24,000 loan would require monthly payments of $1,000 for 24 months.
It is important to note that amounts paid to Best Brains are non-refundable, so prospective franchisees should carefully consider their financial situation and business plan before making any payments. Franchisees should also confirm with Best Brains if there are any other accepted methods of payment.