table_specific

What was the total number of Best Brains outlet transfers in 2024?

Best_Brains Franchise · 2025 FDD

Answer from 2025 FDD Document

State Year Number of Transfers
California 2022 0
2023 0
2024 2
Illinois 2022 1
2023 0
2024 1
Maryland 2022 0
2023 1
2024 1
Minnesota 2022 0
2023 0
2024 1
--- --- ---
Texas 2022 1
2023 0
2024 1
Wisconsin 2022 0
2023 1
2024 0
Totals 2022 2
2023 2
2024 6

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 36–42)

What This Means (2025 FDD)

According to Best Brains' 2025 Franchise Disclosure Document, there were a total of 6 outlet transfers in 2024. This figure is derived from Table No. 2, which specifically tracks transfers of outlets from franchisees to new owners, excluding transfers to the franchisor or its affiliates. The transfers occurred across multiple states, including California (2 transfers), Illinois (1 transfer), Maryland (1 transfer), Minnesota (1 transfer), and Texas (1 transfer).

For a prospective Best Brains franchisee, this information provides insight into the stability and desirability of existing franchise locations. A higher number of transfers could indicate a more active market for resales, potentially offering opportunities to acquire an established center. However, it could also signal challenges within the franchise system, prompting further investigation into the reasons behind these transfers.

It's important to note that this data only reflects transfers to new owners and does not include closures, terminations, or non-renewals. A comprehensive understanding of outlet turnover requires analyzing these factors in conjunction with the transfer data. Prospective franchisees should inquire about the reasons for transfers and the performance history of transferred locations to assess the potential risks and rewards associated with acquiring an existing Best Brains franchise.

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.