table_specific

How many Brain Balance centers closed during the year 2023?

Brain_Balance Franchise · 2025 FDD

Answer 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, six Brain Balance centers closed during the year 2023. This information is part of a broader table that tracks the number of centers open at the beginning of the year, the number of centers opened during the year, the number of centers closed during the year, the number of centers in operation at the end of the year, and the number of centers sold but not yet operational. This data is presented for the years 2022, 2023, and 2024, allowing prospective franchisees to see a trend over those three years.

For a potential Brain Balance franchisee, this closure rate is an important factor to consider. While the number of closures alone doesn't tell the whole story, it prompts further investigation into the reasons behind these closures. Understanding why centers close—whether due to financial underperformance, location issues, or other factors—can help a franchisee assess the risks and opportunities associated with investing in a Brain Balance franchise. It's also worth noting that while six centers closed, one new center opened in 2023, resulting in a net decrease of five centers in operation that year.

It is important to compare the Brain Balance closure rate with industry averages and the performance of other similar franchises. A consistent closure rate significantly above the industry average could be a red flag, while a rate below average might indicate a stable and well-supported franchise system. Additionally, prospective franchisees should speak with current and former franchisees to gain a deeper understanding of the challenges and successes within the Brain Balance system. This due diligence can provide a more comprehensive picture of the franchise's health and potential for long-term success.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.