What was the total amount Best Brains spent on payroll expenses during January-March 2025?

According to Best Brains' 2025 Franchise Disclosure Document, the total payroll expenses for the period of January-March 2025 amounted to $448,447.92. This figure encompasses several components, including a negative $2,956.35 in payroll expenses, $13,335.23 for 1099 contractors, $0 in company contributions, $24,021.40 for health insurance, $149,253.55 in processing fees, $22,232.03 in taxes, and $242,562.06 in wages.

For a prospective Best Brains franchisee, understanding these payroll expenses is crucial for financial planning. It demonstrates the various costs associated with compensating employees and contractors, as well as the employer's contributions to benefits and taxes. The relatively large amount for wages indicates the direct labor costs, while the amounts for health insurance and taxes reflect additional employer obligations.

It's important to note that the payroll expenses also include a negative amount for payroll expenses, which could be due to corrections or adjustments in payroll accounting. Franchisees should seek clarification from Best Brains regarding the nature of this negative amount to fully understand the payroll structure. Additionally, the inclusion of processing fees suggests that Best Brains outsources some payroll functions, which could be a factor in managing administrative tasks for franchisees.

Overall, this financial data provides transparency into Best Brains' payroll practices and allows potential franchisees to anticipate and budget for similar expenses in their own operations. Understanding these costs is essential for assessing the financial viability of a Best Brains franchise.