When are utility security deposits due for a Best Brains franchise?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Estimated Amount | Method of Payment | When Due | To Whom Payment is to be Made | |
|---|---|---|---|---|---|
| Low | High | ||||
| Utility Security | $0 | $500 | As arranged | Before | Utilities |
| Deposits (Note 6) | opening |
Note 6-Utility Security Deposits. Utility companies such as gas and electric normally require security deposits to begin service.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–19)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, utility security deposits are due before opening the franchise location. The estimated amount for these deposits ranges from $0 to $500, and payment is arranged with the utilities company.
These deposits are typically required by utility companies, such as gas and electric, to begin service at the Best Brains center. The actual amount can vary based on the location and the utility company's policies. It is important for prospective franchisees to factor in this cost when planning their initial investment.
As with other expenses listed in Item 7, the amounts are estimates. Franchisees should contact local utility providers to determine the exact security deposit amounts required for their specific location. This will help in accurately budgeting for the initial setup costs of the Best Brains franchise.