What management fee did Gokhale Method pay to Gokhale Method Enterprise Inc. in 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 Gokhale Method's 2024 Franchise Disclosure Document, the company incurred a management fee to Gokhale Method Enterprise Inc. of $49,300 in 2021. The document also shows the management fee paid in 2020 was $33,797.
This information is relevant for prospective franchisees as it provides insight into the financial transactions between Gokhale Method Institute, Inc. and its parent company, Gokhale Method Enterprise, Inc. Understanding these related-party transactions can help franchisees assess the financial stability and operational relationships within the Gokhale Method franchise system.
Reviewing these fees over multiple years, as presented in the FDD, allows potential franchisees to identify trends and understand how these management fees might impact the overall financial performance of the franchise. It is important to note that these fees are part of the franchisor's expenses and could indirectly affect the services and support provided to franchisees.