How many franchised Gokhale Method outlets were operating at the end of 2021?
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 23 franchised outlets operating at the end of 2021. The FDD provides a table that tracks the status of franchised outlets from 2021 to 2023. This table shows the number of outlets at the start of the year, the number at the end of the year, and the net change in outlets.
For a prospective franchisee, this information is useful for understanding the recent trends in the number of Gokhale Method franchised locations. A decrease from 27 to 23 locations in 2021 indicates a net loss of 4 franchises. This could prompt further investigation into the reasons behind the closures, such as financial performance or disputes with the franchisor.
It's important to note that this data reflects system-wide changes and may not necessarily predict the success or failure of a new franchise. However, analyzing these trends, in conjunction with other factors like location and market conditions, can help potential franchisees make informed decisions. The FDD also notes that there are additional franchisees operating outside of the United States.