What information is summarized in the Gokhale Method Disclosure Document?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
This Disclosure Document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Gokhale Method Institute, Inc. offers you a franchise, it must provide this Disclosure Document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale or grant.
If Gokhale Method Institute, Inc. does not deliver this Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and appropriate state agency listed in Exhibit "H". Gokhale Method Institute, Inc.'s registered agent authorized to receive service of process is Esther Gokhale, Gokhale Method Institute, Inc., 3790 El Camino Real, #1033, Palo Alto, CA 94306.
New York law requires a franchisor to provide the Franchise Disclosure Document at the earlier of the first personal meeting or ten (10) business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
The name, principal business address and telephone number of each franchise seller offering the franchise are:
Esther Gokhale Gokhale Method Institute, Inc. 3790 El Camino Real, #1033 Palo Alto, CA 94306
Date of Issuance: May 15, 2024
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 23 — RECEIPTS (FDD pages 34–122)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, the document summarizes certain provisions of the franchise agreement and other information in plain language. The FDD includes various exhibits that provide detailed information about the franchise. These exhibits cover different aspects of the Gokhale Method franchise system, offering potential franchisees a comprehensive overview.
The exhibits included in the disclosure document are the Gokhale Method Franchise Agreement, which contains a Franchise Fee Schedule and Price List, Approved Formats, a Personal Guarantee, and any State Amendments. Additionally, the document includes a Table of Contents of the Teachers' Manual, Financial Statements, Lists of current and former Franchisees, Lists of State Agencies, State Addenda to the Disclosure Document, and a Receipt.
Prospective franchisees should carefully review all components of the Disclosure Document, including all exhibits, before making any decisions. Understanding the franchise agreement, fee structure, financial statements, and franchisee lists is crucial for evaluating the opportunity and potential risks associated with investing in a Gokhale Method franchise. Consulting with a franchise attorney and financial advisor is advisable to fully comprehend the implications of each section.