What was the total income from tuition fees for Best Brains?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| DISTRIBUTION ACCOUNT | TOTAL |
|---|---|
| Income | |
| Tuition Fee | 1,276,202.80 |
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Revenue | ||
| Tuition fees | 1,101,650 | - |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the company's income from tuition fees was reported for two periods. In 2023, the financial statements included in the distribution account show tuition fee income of $1,276,202.80. The comparative financial statement shows that in 2024, Best Brains reported tuition fees of $1,101,650.
It's important to note that the presentation of tuition fee income varies between the two financial statements. In the distribution account, tuition fee income is listed as a single line item. However, in the comparative financial statement, tuition fees are presented alongside other revenue sources like franchise fees, royalty income, and material charges.
Prospective franchisees should pay close attention to these figures to understand the revenue streams of Best Brains. The difference in tuition fee income between 2023 and 2024 could be due to various factors, such as changes in enrollment, pricing, or accounting methods. Further investigation into these fluctuations may be warranted during due diligence.