Where can I find the specific royalty rates for a Gokhale Method franchise?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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| TYPEOFFEE | AMOUNT | DUEDATE | REMARKS |
|---|---|---|---|
| Royalty | $10 – $180 per person per course; see Ex. A to theFranchiseAgreement | Theearlierofwhenwecollect thecoursefeefromyour customer,orwithin5business daysafterthecloseofthemonth whenyoucollectfromthe customer,providedthestudent feehasbecomenon-refundable. | Seenote1. |
| BillingFee | 2.5percentper transaction | Uponthestudent’sregistration viaourwebsite. | Seenote1. |
| AnnualTeacher’s | $450peryear | Onceayear,uponregistrationfor | Seenote2. |
Source: Item 6 — OTHER FEES (FDD pages 11–13)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the specific royalty rates are detailed in Exhibit A of the Franchise Agreement. The royalty fee ranges from $10 to $180 per person per course. This fee is due either when Gokhale Method collects the course fee from the customer or within 5 business days after the franchisee collects from the customer, provided the student fee has become non-refundable.
In addition to the royalty fee, Gokhale Method also charges a billing fee of 2.5% per transaction, which is due upon the student’s registration via their website. The FDD notes that the royalty rates detailed in Exhibit A are subject to change at Gokhale Method's discretion, with a 30-day notice provided to franchisees.
Prospective franchisees should carefully review Exhibit A of the Franchise Agreement to fully understand the royalty structure and potential changes to these rates. Understanding these fees is crucial for assessing the financial viability of a Gokhale Method franchise.