How many Gokhale Method franchises in Washington were not renewed in 2021?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
021 to 2023
| State | Year | Outletsat Startof Year | Outlets Opened | Terminatio ns | Non Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outletsat Endofthe Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| California | 2021 | 6 |
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 no Gokhale Method franchises in Washington that were not renewed in 2021. The provided table in Item 20 outlines outlet information by state and year, including non-renewals.
Specifically, for Washington in 2021, the table indicates that there was one outlet at the start of the year, no outlets opened, and no non-renewals. This means the existing franchise agreement was presumably still in effect at the end of 2021. The outlet remained open, as indicated by one outlet at the end of the year.
This information is valuable for prospective franchisees as it provides insight into the stability and renewal rates of Gokhale Method franchises in specific states. A high number of non-renewals could indicate issues with franchisee satisfaction or profitability, while a low number, as in this case, suggests a more stable franchise system.