What is the initial franchise fee for a Gokhale Method franchise?
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 the 2024 Gokhale Method Franchise Disclosure Document, the initial franchise fee is $4,000. This fee is due upon signing the franchise agreement and is non-refundable. The initial fee is currently uniform for all franchisees.
In addition to the initial franchise fee, a prospective Gokhale Method franchisee must also purchase furnishings and equipment from Gokhale Method Institute, Inc. and third-party vendors, and pay a continuing education fee to the company. The FDD states that the total payments to Gokhale Method for these goods and services, including the initial franchise fee, will range from $6,081 to $7,932.
It is important to note that the initial franchise fee grants the franchisee the right to operate a Gokhale Method franchise for a term of five years. Gokhale Method classifies this fee as deferred revenue on their balance sheet and recognizes it over the franchise term.