What information must a Brain Balance franchisee provide about the proposed assignee or transferee?

According to Brain Balance's 2025 Franchise Disclosure Document, if a franchisee wishes to sell their franchise, they must provide Brain Balance with specific information about the potential buyer. Brain Balance requires the franchisee to submit a resume, a credit check, and any other information that Brain Balance deems reasonably necessary to evaluate the proposed assignee or transferee.

Furthermore, the potential buyer must meet the standards that Brain Balance has in place for new franchisees at the time of the proposed sale. This includes demonstrating to Brain Balance that they have the ability to successfully operate the Brain Balance business. To further assess their suitability, Brain Balance will conduct a personal interview with the proposed buyer at a location designated by Brain Balance, and this will be done at no cost to Brain Balance.

These requirements ensure that any new franchisee entering the Brain Balance system is qualified and capable, maintaining the brand's standards and protecting the interests of other franchisees. The costs associated with the transfer, such as the $10,000 transfer fee and the $2,500 software agreement transfer fee, are separate from the costs of gathering and submitting the required information about the potential buyer.