How many Brain Balance centers closed during 2023?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Centers open at beginning of year | 69 | 74 | 82 |
| Centers opened during the year | 4 | 1 | 2 |
| Centers closed during the year | (8) | (6) | (10) |
| Centers in operation at end of year | 65 | 69 | 74 |
| Centers sold but not yet operational | 13 | 6 | 5 |
Source: Item 23 — RECEIPTS (FDD pages 72–292)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, there were 6 Brain Balance centers that closed during 2023. This information is part of a broader overview of center openings and closures over the past three years. Understanding the number of closures can be crucial for prospective franchisees.
Specifically, the document indicates that at the beginning of 2023, there were 74 Brain Balance centers open. During that year, only 1 new center opened, while 6 centers closed. This resulted in 69 centers operating at the end of 2023.
For a potential franchisee, these figures highlight the importance of due diligence and understanding the factors that may contribute to center closures. While the document does not specify the reasons for these closures, it would be prudent to discuss this with the franchisor to gain insights into the common challenges faced by franchisees and how Brain Balance supports franchisees in overcoming these challenges. It is also worth noting that 6 centers were sold but not yet operational by the end of 2023, indicating ongoing transitions within the franchise system.