table_specific

What was the total amount spent on software expenses by Best Brains as of December 31, 2024?

Best_Brains Franchise · 2025 FDD

Answer from 2025 FDD Document

December 31, 2024 December 31, 2023
Expenses
Software expense 1,107,354 893,316

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)

What This Means (2025 FDD)

According to Best Brains' 2025 Franchise Disclosure Document, the company's software expenses as of December 31, 2024, totaled $1,107,354. This figure reflects the costs Best Brains incurred for software-related services and products during that fiscal year.

For a prospective franchisee, understanding these expenses is crucial as it provides insight into the technological investments Best Brains makes to support its operations. Software expenses can cover a range of items, including software licenses, subscriptions, updates, and technical support. These costs are essential for maintaining efficient business processes, delivering educational content, and managing administrative tasks.

It's also worth noting that the software expenses for the previous year, December 31, 2023, were $893,316. The increase in software expenses from 2023 to 2024 may indicate Best Brains' growing reliance on technology or investments in new software solutions. Franchisees should inquire about the specific software used, its role in their operations, and any associated costs they might bear directly or indirectly.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.