factual

What is the cost of the Annual Meeting for a Gokhale Method franchise, as included in the initial investment?

Gokhale_Method Franchise · 2024 FDD

Answer from 2024 FDD Document

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  • Note 6: This estimate includes fees for the bimonthly Teacher Webinar ($240), the Annual Meeting ($450), and the Gokhale Active (Premium) membership ($140). They are not refundabl

Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)

What This Means (2024 FDD)

According to the 2024 Gokhale Method Franchise Disclosure Document, the estimated cost for the Annual Meeting is $450. This fee is part of the "Continuing Education" category within the estimated initial investment, which totals $830. The $830 also includes fees for the bimonthly Teacher Webinar ($240), and the Gokhale Active (Premium) membership ($140). These fees are paid to the franchisor prior to the commencement of business and are non-refundable.

This means that as a new Gokhale Method franchisee, you should budget $450 for the Annual Meeting as part of your initial costs. This cost is in addition to the initial franchise fee and other startup expenses. It's important to note that this amount is an estimate, and while it is not refundable, it is a mandatory part of the continuing education expenses required by the Gokhale Method franchise.

Prospective franchisees should consider this cost when evaluating the overall financial commitment required to start a Gokhale Method franchise. Understanding the breakdown of the continuing education expenses helps in planning and managing the initial investment effectively. It is also important to note that the Annual Meeting fee is only a portion of the total initial investment, which ranges from $8,531 to $23,422.

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.