What is the Billing Fee for the Gokhale Method franchise, and when is it due?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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| TYPEOFFEE | AMOUNT | DUEDATE | REMARKS |
|---|---|---|---|
| Royalty | $10 – $180 per person per course; see Ex. |
Source: Item 6 — OTHER FEES (FDD pages 11–13)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, franchisees must pay a billing fee of 2.5% per transaction. This fee applies when students register through Gokhale Method's website.
The billing fee is due upon the student's registration via the Gokhale Method website. This means that the fee is collected at the point of sale when a student signs up for a course or program through the online platform.
This fee structure is fairly common in franchise systems where the franchisor provides centralized services like billing and payment processing. It's important for prospective Gokhale Method franchisees to factor this 2.5% fee into their pricing and revenue projections to accurately assess their potential profitability. Franchisees should also be aware that all fees are subject to change at Gokhale Method's discretion.