Is the initial franchise fee for the Gokhale Method refundable?
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 not refundable. This fee is payable upon signing the franchise agreement. The FDD specifies that the initial fee is uniform for all franchisees.
In addition to the initial franchise fee, a prospective Gokhale Method franchisee must purchase furnishings and equipment from Gokhale Method and third-party vendors, and also pay a continuing education fee. The FDD estimates that the initial fee combined with these additional costs will range from $6,081 to $7,932.
Item 7 of the Gokhale Method FDD also states, "Franchisees pay $4,000 as an initial fee. The franchise fee is not refundable." This reinforces the non-refundable nature of the initial franchise fee. This is a standard practice in the franchise industry, as the initial fee covers the franchisor's costs in evaluating and setting up a new franchisee.