What was the total amount Best Brains spent on taxes and licenses as of December 31, 2023?

According to Best Brains' 2025 Franchise Disclosure Document, the company's expenses for 'Taxes and license' totaled $55,798 as of December 31, 2023. Additionally, 'Licenses&Permits' cost $262.16 during the same period. These figures reflect the expenses Best Brains incurred at the corporate level.

It's important to note that these expenses listed in the FDD are those incurred by the franchisor, Best Brains Inc., not necessarily what a franchisee would pay. A franchisee's tax and license expenses would depend on their specific location, business structure, and revenue. These costs can include local, state, and federal taxes, as well as various business licenses and permits required to operate a Best Brains center.

Prospective franchisees should consider these figures as a general indication of the types of expenses they may encounter. To gain a clearer understanding of potential tax and licensing costs, they should consult with a financial advisor and research the specific requirements in their area. Understanding these obligations is a crucial part of assessing the overall financial viability of a Best Brains franchise.