What was the management fee paid to Gokhale Method Enterprise Inc. as of December 31, 2021?
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 the 2024 Gokhale Method Franchise Disclosure Document, the management fee paid to Gokhale Method Enterprise Inc. as of December 31, 2021, was $49,300. This fee reflects the cost Gokhale Method Institute, Inc. incurred for management services provided by Gokhale Method Enterprise Inc.
For a prospective franchisee, understanding this management fee is crucial as it represents a part of the financial relationship between the parent company and the franchise system. While this specific figure reflects past transactions, it gives insight into the types of ongoing fees and costs that Gokhale Method incurs.
It's important to note that these fees are subject to change, and future FDDs may reflect different amounts based on the evolving needs and financial arrangements within the Gokhale Method organization. Reviewing these historical figures helps potential franchisees understand the financial structure and stability of the Gokhale Method franchise system.