What is the estimated cost range for furnishings and equipment for a Gokhale Method franchise?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| CATEGORYOF INVESTMENT | AMOUNT | METHODOF PAYMENT | WHENDUE | TOWHOMPAID |
|---|---|---|---|---|
| InitialFranchiseFee | $4,000 | Cashorcheck | Priorto commencementof ImmersionWeek | Franchisor. Note1 |
| InitialTraining Expenses–Travel, foodandlodging | $740-3,500 | Cashorcredit card | Priortoorduring ImmersionWeek | Vendors. Note2 |
| RealEstateand | $0–1,000 | Variesby | Variesbylandlord | Landlord |
| SpaceRental | landlord | Note3 | ||
| Furnishingsand equipment | $2,486– $9,292 | Checkor creditcard | Priortoapprovalto teach | Franchisorand third-partyvendors. Note4 |
| Telephoneand | $100-$450 | Variesby | Variesbyvendor | Vendor |
| InternetConnections | vendor | Note5 | ||
| SecurityDeposits, utilitydeposits,other prepaidexpenses | $100-$300 | Variesby vendor | Variesbyvendor | |
| Continuing Education | $830 | Checkor creditcard | Priorto commencementof business | Franchisor Seenote6. |
| MarketingExpenses | $100–$600 | Checkor creditcard | Varies | Franchisoror vendors. Seenote7. |
| AdditionalFunds– | $0-$3,000 | Varies | Varies | Seenote8. |
| threemonths | ||||
| Insurance | $175–$450/ year | Variesby carrier | Priorto commencementof business | Vendors. Note9 |
| TOTAL: | $8,531– $23,422 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the estimated initial investment for furnishings and equipment ranges from $2,486 to $9,292. This includes items necessary to conduct classes such as a laptop and software, an iPhone with a data plan or iPad, mats and pillows for eight students, a projector and screen, height implements, folding chairs, books, Stretchsit® Cushions, Gokhale® Wedges, Gokhale® Head Cushions, and a Gokhale Pain-Free™ Chair.
The FDD notes that while many of these items can be purchased from any source, prices may vary depending on the source and condition of the equipment. The refundability of these items depends on the vendor. However, certain items like the Stretchsit Cushion, Gokhale Wedge, Gokhale Head Cushion, and Gokhale Pain-Free Chair must be purchased directly from Gokhale Method.
Prospective franchisees should consider this cost range as an estimate and research different vendors to potentially lower expenses. It is important to note which items must be purchased from Gokhale Method directly, as this will affect the overall cost and sourcing flexibility. Understanding the specific equipment requirements and sourcing options is crucial for managing the initial investment effectively.