Does the Brain Balance FDD include any pro forma financial statements?

According to the 2025 Brain Balance FDD, Item 19 addresses financial performance representations, but it does not include pro forma financial statements. Instead, Brain Balance provides historical revenue information for franchisee-owned centers.

Specifically, the FDD indicates that the financial performance representation does not reflect the cost of sales, operating expenses, or other costs that must be deducted from gross revenue to determine net income or profit. This means that the revenue figures presented are not a complete picture of a franchisee's potential earnings, as significant expenses are not factored in.

The FDD advises prospective franchisees to conduct their own independent investigation of the costs and expenses they will incur while operating a Brain Balance center. It suggests that franchisees or former franchisees listed in the Franchise Disclosure Document may be a source of this information. This implies that potential franchisees should actively seek out and communicate with current and former franchisees to gain a more realistic understanding of the financial aspects of running a Brain Balance franchise.

Given the absence of pro forma financial statements, it is crucial for prospective Brain Balance franchisees to perform thorough due diligence, including creating their own financial projections based on detailed research and conversations with existing franchisees. This will help them assess the potential profitability and financial viability of the franchise opportunity.