Regarding Brain Balance franchises, what does the 'Franchises for Which Agreement Signed But Franchise Not Opened' column represent in this table?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Franchises for Which Agreement Signed But Franchise Not Opened | Projected Franchises to Be Opened in the Next Fiscal Year | Projected Company Owned Openings in Next Fiscal Year |
|---|---|---|---|
| Arizona | 2 | 0 | 0 |
| Florida | 2 | 2 | 0 |
| Maryland | 1 | 1 | 0 |
| New York | 0 | 1 | 0 |
| Oregon | 1 | 0 | 0 |
| Pennsylvania | 1 | 1 | 0 |
| Texas | 3 | 4 | 0 |
| Virginia | 2 | 1 | 0 |
| Wisconsin | 1 | 1 | 0 |
| TOTALS | 13 | 11 | 0 |
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, the column 'Franchises for Which Agreement Signed But Franchise Not Opened' in the provided table represents the number of Brain Balance franchises in a particular state for which a franchise agreement has been signed as of December 31, 2024, but which have not yet opened for business. This means that the franchisee has committed to opening a location but has not yet completed the necessary steps to begin operations.
For a prospective Brain Balance franchisee, this information indicates the level of recent franchise activity and potential market saturation in specific states. For example, as of December 31, 2024, Arizona and Florida each had two franchises with signed agreements that were not yet open, while New York had none. This could mean those markets are in high demand, or that franchisees are facing delays in opening their centers.
It is important to note that the table also includes columns for 'Projected Franchises to Be Opened in the Next Fiscal Year' and 'Projected Company Owned Openings in Next Fiscal Year.' These projections, combined with the data on signed but unopened franchises, can provide a more comprehensive view of Brain Balance's anticipated growth and market penetration strategy. A prospective franchisee should inquire about the reasons why franchises have not yet opened to better understand potential challenges and timelines.