What are Gokhale Method franchisees required to do with the transaction price?

According to the 2024 Gokhale Method Franchise Disclosure Document, franchisees are required to adhere to the prices set by Gokhale Method when charging students for classes, products, or other services. Gokhale Method will provide franchisees with these prices, ensuring consistency across the franchise system.

This requirement ensures that all Gokhale Method locations maintain uniform pricing, which can help protect the brand's reputation and customer expectations. Standardized pricing can also simplify marketing and promotional efforts, as the company can advertise consistent prices across all locations.

As a prospective franchisee, it is important to understand that you will have limited control over pricing decisions. You should evaluate whether the franchisor's pricing strategy aligns with your local market conditions and business goals. Additionally, franchisees are obligated to purchase Gokhale Method branded products for resale from Gokhale Method or its approved vendors at the current wholesale prices published in their Price List, which will also include their retail prices.