When is the Brain Balance renewal fee due?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
se of our website. | |
| Name of Fee (Note 1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Annual Convention | Franchisee: $750 per person Staff: $700 per person We have the right to increase this fee up to $1,500 per person, on at least 30 days' notice to you. | At the point of registration, prior to Convention date. | Travel, lodging, and food expenses will be in addition to the registration fee, some of which will be discounted or subsidized by the Franchisor. |
| Interest | 2% per month compounded | Upon demand | Payable on all payments that are 15 or more days overdue. |
| Costs and Attorneys' Fees | Will vary under circumstances | As incurred | Payable upon termination of the Franchise Agreement, in an action to collect unpaid amounts owed to us and if we need to enforce the Franchise Agreement by injunctive relief. |
| Relocation Fee | Then-current fee Presently, $4,000 | As incurred | The Franchisor must approve any relocation of your Center and you must pay the Franchisor its then current relocation fee. As of the date of this Disclosure Document, the relocation fee is $4,000. |
| Indemnification | Will vary under circumstances | As incurred | You must reimburse us if we are held liable for claims arising from your operations and under certain circumstances set forth in the Application License Agreement. |
| Insufficient funds | $75 charge per incident We have the right to increase this fee in the future, but will not increase it to greater than the fee charged by our bank, plus 15%. | As incurred | Payable to Franchisor if an ACH transaction cannot be completed for any reason. |
| Renewal fee | $10,000 | Upon approval of renewal by Franchisor each time you renew. | Payab |
Source: Item 6 — OTHER FEES (FDD pages 13–19)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, the renewal fee is due upon approval of the renewal by Brain Balance each time a franchisee renews their agreement. The renewal fee is $10,000 and is payable to Brain Balance on the date of renewal via ACH debit.
This means that if a franchisee wants to continue operating their Brain Balance center beyond the initial franchise term, they must apply for a renewal. If Brain Balance approves the renewal application, the franchisee will be required to pay a $10,000 renewal fee at that time. This fee compensates Brain Balance for the administrative costs associated with processing the renewal and ensuring the franchisee continues to meet the brand's standards.
It is important for prospective Brain Balance franchisees to factor this renewal fee into their long-term financial planning. Franchise agreements typically last for a set number of years (e.g., 10 years), and franchisees who wish to continue operating their business beyond that term must be prepared to pay the renewal fee. The fee is non-refundable, so franchisees should carefully consider their financial situation and business performance before applying for a renewal.
Franchisees should also be aware that the renewal process may involve additional requirements, such as updating their center to meet current brand standards or completing additional training. These requirements can add to the overall cost of renewal, so it is important to understand all the terms and conditions before making a decision.