What was the total amount Best Brains spent on automobile expenses as of December 31, 2024?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Expenses | ||
| Automobile expense | 11,551 | - |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the company's automobile expenses totaled $11,551 as of December 31, 2024. For comparison, there was no listing for automobile expenses as of December 31, 2023.
This figure reflects the costs Best Brains incurred for vehicle-related expenses during that fiscal year. For a prospective franchisee, this indicates the level of expense the franchisor finds necessary for corporate operations. It's important to note that this is just one component of the overall expenses, and it may not directly correlate to the expenses a franchisee might incur, as franchisee expenses would relate to the operation of their individual center.
Prospective franchisees should consider this figure in the context of Best Brains' overall financial performance and compare it to industry benchmarks. Understanding the franchisor's expenses can provide insights into their operational efficiency and financial management practices. Franchisees should inquire about what these automobile expenses include and how they relate to supporting the franchise system.