How does Gokhale Method communicate prescribed prices for classes, equipment, and services to franchisees?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
d Business.
- 4.6. Equipment and supplies. We shall provide to you a list of initial equipment and related products and supplies for the Franchised Business for purchase from us, our Parent or Affiliate or other suppliers (the "Initial Setup"). Purchasing the Initial Setup is a prerequisite for operating a Franchised Business.
- 4.7. Ongoing Advice. During the Term of this Agreement, we may advise you from time to time regarding the Gokhale Way, in our discretion. Such advice may be furnished in the Teachers' Manual or in Policy Statements, during telephone conversations, through Internet sessions, live conversations or otherwise. Such advice may concern any aspect of the Franchised Business, and you must follow it unless otherwise specified.
- 4.8. Optional Marketing Services. We may offer from time to time, at our sole discretion, marketing services and programs to assist Franchisees in marketing and promotion. The participation in these Services is voluntary, and should Franchisee chose to participate in them, Franchisee will pay the then current fees and expenses associated with them.
- 4.9.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the franchisor will provide franchisees with the prices they must charge students for classes, products, or other services. Additionally, Gokhale Method will provide a list of initial equipment and related products and supplies that franchisees must purchase to operate their franchise.
Furthermore, franchisees may purchase Gokhale Method branded products for resale from the franchisor or its approved vendors. These purchases will be at the then-current wholesale prices published in the Price List, which will also include their retail prices.
The Billing Fee Schedule in effect as of the signing of the Franchise Agreement is included in Exhibit A and is subject to change from time to time in Gokhale Method's reasonable discretion upon thirty (30) days' notice. Exhibit A to the Gokhale Method Franchise Agreement is the Franchise Fee Schedule and Price List.
Prospective franchisees should carefully review Exhibit A and inquire about how frequently the price lists are updated and the typical amount of price changes to anticipate. This will help in understanding potential revenue and profitability.