What was the amount of transfer fees collected by Body Brain Center in 2023?
Body_Brain_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
nc. is the owner of all the intellectual property rights including, but not limited to, logos, trademarks, service marks, copyrights, and trade secrets which are related with Brain Education programs and/or operating Body & Brain Center.
Licensor grants to Licensee, for the term of agreement, a non-exclusive license to use the licensed materials for distribution of Brain Education Programs and/or operation of Body & Brain Center within the authorized region and the right to sublicense the licensed materials to franchisees for the sole purpose of operating Body & Brain Centers pursuant to the terms of franchise agreements within the authorized region.
Under the terms of this agreement,
Source: Item 23 — RECEIPT (FDD pages 43–178)
What This Means (2025 FDD)
According to the 2025 Body Brain Center Franchise Disclosure Document, the company's revenue from transfer fees is not explicitly stated. However, the document mentions that Body Brain Center receives transfer fees from franchisees. Specifically, under the licensing agreement with BR Consulting, Inc., Body Brain Center pays 20% of the total initial franchise fee, franchise renewal fee, training fee, and transfer fee to BR Consulting, Inc.
For the year ending December 31, 2023, the total license expenses paid to BR Consulting, Inc. were $105,963. The 20% payment covers the initial franchise fee, franchise renewal fee, training fee, and transfer fees. To determine the exact amount of transfer fees collected, one would need to know the individual amounts for the initial franchise fees, franchise renewal fees, and training fees to calculate the transfer fees accurately.
Prospective franchisees should inquire with Body Brain Center about the specific amount of transfer fees collected in 2023 and how this figure is affected by the licensing agreement with BR Consulting, Inc. Understanding the breakdown of these fees and their distribution is crucial for assessing the financial obligations and potential profitability of a Body Brain Center franchise.