What were the IT support expenses for Best Brains?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
( Amount in USD) PURCHASE OF MATERIALS /SERVICES 1,096,075.00 A.1 Best Brains India A.2 Advansoft International Inc 898,225.00 661,500.00 A.3 Advansoft India 97,375.08 A.4 A1 Kaiser A.5 Best Brains of Schaumburg, INC A.6 Adventures India Pvt. Ltd 86,000.00
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
The 2025 Best Brains FDD includes financial statements, but it does not specifically list IT support expenses as a separate line item. However, the FDD does detail transactions with related parties that could potentially include IT support.
Specifically, under related party disclosures for the year ended December 31, 2023, there are mentions of 'PURCHASE OF MATERIALS /SERVICES' from various entities such as Best Brains India, Advansoft International Inc, Advansoft India, A1 Kaiser, Best Brains of Schaumburg, INC, and Adventures India Pvt. Ltd. These purchases totaled $1,096,075.00. It is possible that some portion of the services purchased from Advansoft International Inc or Advansoft India could relate to IT support, but the exact nature of these services is not specified. The amounts for Advansoft International Inc and Advansoft India were $898,225.00 and $661,500.00 respectively.
To gain a clearer understanding of Best Brains' IT support expenses, a prospective franchisee should ask the franchisor for a detailed breakdown of the expenses included under 'PURCHASE OF MATERIALS /SERVICES' from related parties. This would help determine if any of these expenses are specifically for IT support and to what extent.