table_specific

What amount did Gokhale Method collect in royalties in 2023?

Gokhale_Method Franchise · 2024 FDD

Answer from 2024 FDD Document

Accounts receivable is primarily comprised of net royalty receivables from franchise, teachers, or class fees collected by GME.

Source: Item 22 — CONTRACTS (FDD page 34)

What This Means (2024 FDD)

The 2024 Franchise Disclosure Document for Gokhale Method does not explicitly state the total amount of royalties collected in 2023. However, the FDD does mention that accounts receivable primarily consist of net royalty receivables from franchisees, teachers, or class fees collected by GME (Gokhale Method Enterprises). This indicates that Gokhale Method generates revenue through royalties, but the specific amount for 2023 is not disclosed in the provided excerpts.

A prospective franchisee should inquire directly with Gokhale Method about the total royalties collected during 2023 to understand the financial performance of the franchise system. Understanding the royalty revenue can provide insights into the overall health and activity level of the franchise, as it reflects the sales and services provided by franchisees.

Without this information, it is difficult to assess the financial stability and potential profitability of a Gokhale Method franchise. It is crucial for potential franchisees to gather comprehensive financial data to make an informed investment decision. Requesting this specific figure from the franchisor is a standard part of due diligence in franchise research.

Disclaimer: This information is extracted from the 2024 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.