What is the transfer fee for a Best Brains Premium Learning Center franchise?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
ined to exercise it;
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- The assignee or transferee has sufficient business experience, aptitude, financial resources, meets our then applic
Source: Item 23 — RECEIPTS (FDD pages 42–190)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, a franchisee must pay a transfer fee of $2,500 when transferring either a Premium Learning Center or a Teacher Learning Center franchise. This fee is payable to Best Brains.
Several conditions must be met for Best Brains to approve the transfer. The franchisee must first offer Best Brains the opportunity to exercise its right of first refusal. The proposed transferee must meet Best Brains' standards for franchisees, including having sufficient business experience, financial resources, and good moral character. The transferee must also comply with Best Brains' training requirements and execute the current franchise agreement.
Additional requirements include ensuring all monetary obligations to Best Brains are paid, refurbishing the franchise location to meet current standards, and obtaining the lessor's consent for the lease assignment. The franchisee may also need to enter into an agreement guaranteeing the transferee's obligations. These conditions and the transfer fee ensure that any new franchisee meets Best Brains' standards and maintains the brand's quality and reputation.