Besides the franchise fee, what other fees must a Gokhale Method franchisee pay?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
ast 1992. The cost of Initial Training is included in the $4,000 franchise fee. You must pay food and lodging expenses in connection with attendance at Immersion Week. The Gokhale® Active (Premium) fee of $140 must be paid yearly from the time of acceptance to the program. Gokhale Active helps prepare accepted candidates for the Immersion Week. Upon completion of Teacher Training Immersion Week, you must pay $240 a year for teacher webinars. Once a year you must pay $450 for the annual teachers' meeting, for which you will also pay food and lodging. This is a required fee and attendance is mandatory. We do not at the present time have any further continuing education requirements, but we reserve the right to add them if we add new approved formats or new continuing education. All franchisees must attend training and complete it to the franchisor's satisfaction.
We estimate that the time from the date you complete your Immersion Week until you start teaching classes to be between three to six months. If you do not complete the Initial Training within six months of attending your Immersion Week, we may terminate your franchise agreement.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 18–23)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, franchisees must pay several fees in addition to the initial franchise fee. The Gokhale® Active (Premium) fee is $140, which must be paid yearly from the time of acceptance into the program. This fee helps prepare candidates for the Immersion Week training. After completing the Teacher Training Immersion Week, franchisees must pay $240 annually for teacher webinars.
Additionally, Gokhale Method franchisees are required to attend an annual teachers' meeting, which costs $450 per year, not including the costs for food and lodging. Attendance at this meeting is mandatory. Franchisees should also factor in the cost of computer equipment and software, estimated to be between $1,200 and $4,200. The annual cost to maintain, repair, and update the computer system could range from $0 to $1,000, depending on whether repairs are needed.
Prospective Gokhale Method franchisees should be aware of these recurring and potential costs, as they can impact the overall profitability and financial planning of their franchise. It is important to budget for these fees and factor them into the financial projections for the business. Understanding these obligations is crucial for making an informed decision about investing in a Gokhale Method franchise.