Does the Gokhale Method FDD include a list of franchisees who have left the system?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
I received a disclosure document dated May 15, 2024 that included the following Exhibits:
- A. Gokhale Method Franchise Agreement
- Exhibit A Franchise Fee Schedule and Price List
- Exhibit B Approved Formats
- Exhibit C Personal Guarantee
- Exhibit D State Amendments
- B. Table of Contents of Teachers' Manual
- C. Financial Statements
- D. List of Franchisees
- E. List of Franchisees who have left the system
- F. List of State Agencies
- G. State Addenda to the Disclosure Document
- H. Receipt
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
Yes, according to the 2024 Gokhale Method Franchise Disclosure Document, Exhibit E to the Franchise Disclosure Document includes a list of franchisees who have left the system. This list is a standard inclusion in FDDs, providing transparency for potential franchisees. Reviewing this list can offer insights into the turnover rate and potential challenges within the Gokhale Method franchise system.
In addition to the list of former franchisees, the FDD also includes other exhibits relevant to the franchise agreement. These include Exhibit A, which details the Franchise Fee Schedule and Price List, Exhibit B, which covers Approved Formats, Exhibit C, which contains the Personal Guarantee, and Exhibit D, which includes State Amendments.
Prospective franchisees should carefully examine Exhibit E to understand the reasons why franchisees may have left the Gokhale Method system. This information, combined with the other exhibits, can help in making an informed decision about investing in a Gokhale Method franchise.