When is the initial franchise fee for the Gokhale Method payable?
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 of $4,000 is payable upon signing the franchise agreement. This fee is non-refundable and is uniform for all franchisees.
In addition to the initial franchise fee, prospective franchisees should be aware that they must also purchase furnishings and equipment from Gokhale Method and third-party vendors, as well as pay a continuing education fee. The estimated total payments to Gokhale Method for these goods and services, including the initial franchise fee, range from $6,081 to $7,932 before operations begin.
It is important for potential franchisees to factor these costs into their initial investment and understand that the initial franchise fee is non-refundable, regardless of whether they proceed with opening the franchise. They should also review Item 7 within the FDD for a comprehensive overview of the estimated initial investment, and consult with a business advisor, accountant, or attorney before making any decision to purchase a Gokhale Method franchise.