What is the estimated range for furnishings and equipment costs for a Gokhale Method franchise?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| CATEGORYOF INVESTMENT | AMOUNT | METHODOF PAYMENT | WHENDUE | TOWHOMPAID |
|---|---|---|---|---|
| Furnishingsand equipment | $2,486– $9,292 | Checkor creditcard | Priortoapprovalto teach | Franchisorand third-partyvendors. Note4 |
- Note 4: These estimates include the equipment and furnishings necessary to conduct classes and include a laptop computer and software; iPhone with data plan or iPad, mats and pillows for 8 students; a projector and screen; height implements; folding chairs; books, Stretchsit® Cushions, Gokhale® Wedges, Gokhale® Head Cushions, and a Gokhale Pain-Free™ Chair.
Many of these items, although not all, can be purchased from any source, and prices may vary depending upon the source and the condition of the equipment.
Whether they are refundable or not depends on the vendor.
Certain items, such as the Stretchsit Cushion, Gokhale Wedge, Gokhale Head Cushion, and Gokhale Pain-Free Chair must be purchased from us.
See Item 8 for further details.
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 cost for furnishings and equipment ranges from $2,486 to $9,292. These costs cover the necessary equipment and furnishings to conduct classes, including a laptop computer 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.
Many of these items can be purchased from any source, and prices may vary depending upon the source and the condition of the equipment. However, certain items, such as the Stretchsit Cushion, Gokhale Wedge, Gokhale Head Cushion, and Gokhale Pain-Free Chair, must be purchased directly from Gokhale Method. The payment method for these items is either check or credit card, and payment is due prior to approval to teach.
Prospective franchisees should note that the refundability of these costs depends on the vendor. It is advisable to shop around for the best prices and to inquire about the refund policies of different vendors. Understanding the specific requirements for purchasing certain items from Gokhale Method is also crucial for budgeting and planning the initial investment.