What goods and services are included in the estimated range of $6,081 to $7,932 payable to Gokhale Method?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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The Initial Fee for a Gokhale Method Franchise is $4,000. It is payable upon signing the franchise agreement and is not refundable. Currently, the Initial Fee is uniform as to all franchisees.
Before you begin operations, in addition to the initial franchise fee, you must purchase furnishings and equipment from us (as well as third party vendors) and pay a continuing education fee to us. We estimate that payments to us for these goods and services including the initial $4,000 initial fee will range from $6,081 to $7,93
Source: Item 5 — INITIAL FEES (FDD pages 10–11)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the estimated range of $6,081 to $7,932 payable to Gokhale Method includes the initial franchise fee of $4,000, furnishings and equipment purchased from Gokhale Method or third-party vendors, and a continuing education fee. The initial franchise fee is non-refundable and is due upon signing the franchise agreement.
Prospective franchisees should note that this range is an estimate. Item 7 provides additional detail on the estimated initial investment, noting that costs for items such as the bimonthly Teacher Webinar ($240), the Annual Meeting ($450), and the Gokhale Active (Premium) membership ($140) are included in the estimate. These fees are non-refundable.
It is important for potential Gokhale Method franchisees to carefully review all components of the initial investment with a business advisor, accountant, or attorney to ensure they have a clear understanding of the costs involved. Franchisees should also inquire about the specific furnishings and equipment they are required to purchase from Gokhale Method versus third-party vendors to better assess potential cost variations.