In 2023, how many Gokhale Method franchises were terminated?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outletsat Startof Year | Outlets Opened | Terminatio ns | Non Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outletsat Endofthe Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| California | 2021 | 6 | 0 | 0 | 0 | 0 | 1 | 5 |
| 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| 2023 | 5 | 1 | 0 | 0 | 0 | 0 | 6 | |
| Georgia | 2021 | 2 | 0 | 0 | 0 | 0 | 1 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 2 | 0 | 0 | 0 | 1 | 2 | |
| Illinois | 2021 | 2 | 0 | 0 | 0 | 0 | 1 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Louisiana | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Massachusetts | 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 1 | 0 | 0 | 2 | |
| Montana | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | |
| NewYork | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Oregon | 2021 | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE REPRESENTATIONS (FDD pages 30–34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, there were no franchise terminations in 2023. The provided table in Item 20 details the status of franchised outlets from 2021 to 2023, listing terminations, non-renewals, re acquisitions by the franchisor, and outlets that ceased operations for other reasons.
Specifically, the 'Terminations' column indicates the number of Gokhale Method franchises that were terminated during each year. For 2023, the table shows a '0' for terminations across all states where Gokhale Method had franchise operations. This suggests that no franchisees had their agreements terminated by Gokhale Method during that year.
It is important to note that while there were no terminations, some outlets ceased operations for other reasons or were not renewed. A prospective franchisee should investigate the reasons for non-renewals or other closures to understand the potential challenges and market dynamics within specific territories.