When is the initial franchise fee due for a Gokhale Method franchise?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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| CATEGORYOF INVESTMENT | AMOUNT | METHODOF PAYMENT | WHENDUE | TOWHOMPAID |
|---|---|---|---|---|
| InitialFranchiseFee | $4,000 | Cashorcheck | Priorto commencementof ImmersionWeek | Franchisor. |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the initial franchise fee of $4,000 is due prior to the commencement of Immersion Week. Payment must be made via cash or check directly to the franchisor. Note 1 clarifies that this fee is non-refundable.
This means a prospective Gokhale Method franchisee must have the full $4,000 available and paid before they can begin their initial training. This is a standard practice in franchising, as the initial fee compensates the franchisor for granting the franchise rights and providing initial support and training. Because the fee is non-refundable, prospective franchisees should carefully consider their decision before paying.
It is important to note that this initial franchise fee is only one component of the total estimated initial investment, which ranges from $8,531 to $23,422. This total includes other expenses such as training, travel, real estate, furnishings, marketing, and working capital. Therefore, franchisees should ensure they have sufficient capital to cover all these costs, not just the initial franchise fee.