What was the management fee paid to Gokhale Method Enterprise Inc. as of December 31, 2020?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
related parties are as follows:
| Transactions incurred | 4.752 | mber 31, 021 | De | cember 31, 2020 | |
|---|---|---|---|---|---|
| Gokhale Method Enterprise Inc | Management |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the management fee incurred by Gokhale Method Institute, Inc. to Gokhale Method Enterprise Inc. as of December 31, 2020, was $33,797.
This figure represents a historical transaction between the Gokhale Method Institute, Inc. and its parent company, Gokhale Method Enterprise Inc. Franchisees should understand these related-party transactions, as they can impact the financial health and stability of the franchise system. While this specific fee doesn't directly affect franchisees' day-to-day operations, it provides insight into the financial relationships within the Gokhale Method organization.
Prospective franchisees should consider this information in the context of the overall financial performance and stability of the Gokhale Method. Understanding the nature and magnitude of these related-party transactions can help franchisees assess the financial risks and opportunities associated with investing in a Gokhale Method franchise. It is advisable to review the complete financial statements and related notes for a comprehensive understanding.