In 2023, how many Brain Balance centers in Nebraska were terminated by the franchisee?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlets | Termination | Non- | Operations | |||||
|---|---|---|---|---|---|---|---|---|
| State | Year | Start of | by | End of the | ||||
| Year | Opened | s | Renewals | Franchisor | - Other | Year | ||
| NE | 2023 | 3 | 0 | 1 | 0 | 0 | 0 | 2 |
Source: Item 20 — CENTERS AND FRANCHISEE INFORMATION (FDD pages 65–70)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, in 2023, one Brain Balance center in Nebraska was terminated, but not by the franchisee. The table provided indicates that there were three centers open at the start of 2023, and two at the end of the year. The 'Terminations by Franchisor' column shows 0, while the 'Other' column shows 0, indicating the termination was not initiated by either party. The 'Non-Renewals' column shows 1, indicating that one franchise in Nebraska was not renewed in 2023.
This means that a Brain Balance franchise in Nebraska ceased operations because the franchise agreement was not renewed. This could be due to various reasons, such as the franchisee deciding not to continue, failure to meet performance standards, or other contractual issues. It is important to note that this is different from a termination, where the agreement is ended prematurely.
For a prospective Brain Balance franchisee, this information highlights the importance of understanding the terms of the franchise agreement, including renewal conditions. It also suggests the need to assess the market conditions and potential for success in a specific location to ensure long-term viability and avoid non-renewal.