How many franchised Gokhale Method outlets were operating at the start 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 the Gokhale Method's 2024 Franchise Disclosure Document, there were 27 franchised outlets operating at the start of 2021. This number reflects the total number of Gokhale Method franchises that were open and running as of January 1, 2021.
For a prospective franchisee, this indicates the size and established presence of the Gokhale Method franchise system at that time. It's important to note that the number of outlets subsequently decreased during 2021, ending the year with 23 franchised outlets. This could be due to closures, terminations, or non-renewals of franchise agreements.
Understanding the historical trends in outlet numbers, including openings, closures, and transfers, can provide valuable insights into the stability and growth potential of the Gokhale Method franchise system. Reviewing the complete Item 20 data in the FDD is essential for a comprehensive understanding.