What was the total number of Best In Class Education Center outlet transfers in 2024?
Best_In_Class_Education_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| TABLE 2 - TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (OTHER THAN THE FRANCHISOR) | ||
|---|---|---|
| FOR YEARS 2022 TO 2024 State | ||
| Texas | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 1 | |
| Washington | 2022 | 2 |
| 2023 | 0 | |
| 2024 | 0 | |
| Total | 2022 | 3 |
| 2023 | 5 | |
| 2024 TABLE 3 - STATUS OF FRANCHISED OUTLETS FOR YEARS 2022 TO 2024 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 44–47)
What This Means (2025 FDD)
According to Best In Class Education Center's 2025 Franchise Disclosure Document, there was a total of 1 outlet transferred in 2024. This transfer occurred in Texas.
Outlet transfers represent existing Best In Class Education Center locations that were sold by the original franchisee to a new owner, excluding transfers back to the franchisor. Monitoring the number of transfers can provide insight into the stability and desirability of franchise ownership within the Best In Class Education Center system. A low number of transfers may indicate franchisee satisfaction, while a high number could signal potential issues with profitability or franchisee support.
Prospective franchisees should consider the reasons behind outlet transfers, as they could be due to various factors such as franchisee retirement, financial difficulties, or underperformance of the location. Investigating the context surrounding these transfers can help a potential franchisee assess the risks and opportunities associated with investing in a Best In Class Education Center franchise.