What management fee did Gokhale Method pay to Gokhale Method Enterprise Inc. in 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, Gokhale Method Institute, Inc. paid Gokhale Method Enterprise Inc. a management fee of $33,797 in 2020. This payment is part of the transactions between the two entities.
This information is relevant to potential franchisees as it provides insight into the financial transactions and relationships between Gokhale Method Institute, Inc. (GMI) and its parent company, Gokhale Method Enterprise Inc. (GME). Understanding these transactions can help franchisees assess the financial stability and operational structure of the Gokhale Method franchise system.
It is important to note that these figures are based on past performance and may not be indicative of future results. Prospective franchisees should consider this information in conjunction with other financial data and conduct their own due diligence to make an informed investment decision.