How many franchised 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 the 2024 Gokhale Method Franchise Disclosure Document, there were 20 franchised outlets operating at the end of 2023. 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 each year, the number at the end of the year, and the net change in outlets.
Specifically, the table indicates that Gokhale Method began 2023 with 22 franchised outlets and ended the year with 20, reflecting a net decrease of 2 outlets. This information is crucial for potential franchisees as it provides a clear picture of the franchise system's growth and stability over the past three years.
It's important to note that this data pertains to the total number of franchised outlets and does not differentiate between domestic and international locations. The FDD includes additional information specifying the number of franchisees operating in various countries outside the United States, which may be useful for understanding the brand's global presence. Reviewing the complete Item 20 and related exhibits is essential for a comprehensive understanding of the Gokhale Method franchise system.