What does the second column in Body Brain Center's Table 5 represent?

According to Body Brain Center's 2025 Franchise Disclosure Document, the second column in Table 5, titled "Franchise Agreements Signed But Outlet Not Opened," represents all franchise agreements signed for unopened centers as of December 31, 2024. This means that the figures in this column reflect the number of Body Brain Center franchises that have been sold but have not yet commenced operations by the end of the specified fiscal year.

For a prospective franchisee, this information provides insight into the current pipeline of Body Brain Center franchises. A high number in this column could indicate strong franchise sales but might also raise questions about the reasons for delays in opening these locations. It is important to note that these are agreements signed for unopened centers as of a specific date, and some of these may be included in the projected openings for the next fiscal year.

Table 5 also includes a third column, "Projected New Franchised Outlets in the Next Fiscal Year," which includes all outlets that Body Brain Center expects to open during the current fiscal year. This includes any outlets listed in the second column that are expected to open during that fiscal year. Reviewing both columns provides a more complete picture of Body Brain Center's growth trajectory and the anticipated expansion of the franchise system.