Is Gokhale Method Enterprise, Inc. considered a related party to the Gokhale Method franchise?

According to the 2024 Gokhale Method Franchise Disclosure Document, Gokhale Method Enterprise, Inc. is considered a related party to the Gokhale Method franchise. Specifically, Gokhale Method Enterprise, Inc. is the parent company of Gokhale Method Institute, Inc. which is the entity that grants franchises for the Gokhale Method.

This relationship is important for prospective franchisees to understand because transactions or dealings between the franchisor and its parent company could potentially impact the franchise system. For example, the franchisor's financial stability could be linked to the financial health of its parent company. Also, the franchisor may rely on its parent company for certain services or resources.

As part of their due diligence, prospective Gokhale Method franchisees should carefully evaluate the financial statements of both Gokhale Method Institute, Inc. and Gokhale Method Enterprise, Inc. to assess the financial health and stability of both entities. They should also inquire about the nature and extent of any transactions or relationships between the two companies to understand how these relationships could affect the franchise system and the franchisee's business.