How many company-owned Gokhale Method outlets were operating at the end of 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| OutletType | Year | Outletsatthe StartoftheYear | Outletsatthe EndoftheYear | NetChange |
|---|---|---|---|---|
| Franchised | 2021 | 27 | 23 | -4 |
| 2022 | 23 | 22 | -1 | |
| 2023 | 22 | 20 | -2 | |
| Company-Owned | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| TotalOutlets* | 2021 | 27 | 23 | -4 |
| 2022 | 23 | 22 | -1 | |
| 2023 | 22 | 20 | -2 |
Source: Item 20 — OUTLETS AND FRANCHISEE REPRESENTATIONS (FDD pages 30–34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, there were zero company-owned outlets operating at the end of 2023. The provided table, titled "System wide Outlet Summary For years 2021 to 2023", indicates that from 2021 through 2023, the number of company-owned Gokhale Method outlets remained at zero. This means Gokhale Method focuses on a franchise business model rather than operating company-owned locations.
For a prospective franchisee, this information suggests that Gokhale Method's growth and market presence are primarily driven by its franchisees. The absence of company-owned outlets could imply that the franchisor's revenue is largely dependent on franchise fees and royalties, rather than direct sales from company-operated stores. This may also indicate that Gokhale Method relies on its franchisees to build brand recognition and market share.
This information is valuable for potential franchisees as it provides insight into Gokhale Method's business strategy and operational model. Understanding the balance between franchised and company-owned outlets can help a franchisee assess the level of support and competition they might expect from the franchisor. It is important to note that while there were no company-owned locations, the number of franchised locations decreased from 22 to 20 in 2023.