Did Body Brain Center collect any transfer fees in 2024, and if so, how much?
Body_Brain_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
ting Body & Brain Center.
Notes to the Financial Statements December 31, 2024 and 2023
NOTE D - COMMITMENTS AND CONTINGENCIES (CONTINUED)
Licensing Agreement (Continued)
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, the Company pays 20% on the t
Source: Item 23 — RECEIPT (FDD pages 43–178)
What This Means (2025 FDD)
According to the 2025 Body Brain Center Franchise Disclosure Document, Body Brain Center receives a percentage of transfer fees through a licensing agreement with BR Consulting, Inc. Specifically, Body Brain Center pays BR Consulting, Inc. 20% of the total initial franchise fee, franchise renewal fee, training fee, and transfer fee.
The document states that in 2024, Body Brain Center made a payment of $2,060 related to royalties from memberships and private lessons. The total license expenses under the agreement with BR Consulting, Inc. were $111,939 for the year ended December 31, 2024.
While the FDD confirms that Body Brain Center collects transfer fees, the exact amount of transfer fees collected in 2024 is not explicitly stated. However, the FDD indicates that 20% of the total transfer fees are paid to BR Consulting, Inc. Therefore, to determine the transfer fees collected, a prospective franchisee would need to request clarification from Body Brain Center regarding the specific amount of transfer fees collected during that year.