Were there any Best Brains franchise transfers in Minnesota during 2022 or 2023?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| California | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 2 | |
| Illinois | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 1 | |
| Maryland | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| Minnesota | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| --- | --- | --- |
| Texas | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 1 | |
| Wisconsin | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Totals | 2022 | 2 |
| 2023 | 2 | |
| 2024 | 6 |
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 were no franchise transfers in Minnesota during 2022 and 2023. The FDD provides a table outlining the number of franchise transfers by state and year. In 2022, there were zero transfers in Minnesota, and the same was true for 2023. However, the table indicates that there was one transfer in Minnesota during 2024.
This information is relevant for prospective franchisees as it provides insight into the stability and turnover of Best Brains franchises in Minnesota. A high number of transfers might indicate issues with franchise profitability or franchisee satisfaction, while a low number, as is the case here for 2022 and 2023, could suggest a more stable franchise environment.
It's important to note that while there were no transfers in 2022 and 2023, there was one in 2024. A prospective franchisee should inquire with Best Brains about the reasons for this transfer to gain a better understanding of the circumstances. Understanding the reasons behind franchise transfers can help a potential franchisee assess the risks and opportunities associated with investing in a Best Brains franchise in Minnesota.