How many Gokhale Method franchises in Wisconsin ceased operations for other reasons in 2023?
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 |
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 franchises in Wisconsin that ceased operations for 'other reasons' during 2023. The provided table tracks the status of franchised outlets, including terminations, non-renewals, re acquisitions by the franchisor, and instances of ceased operations for other reasons. This data helps prospective franchisees understand the stability and turnover of Gokhale Method franchises within specific states.
The table details the changes in outlet numbers over the years 2021, 2022, and 2023, providing a historical view of franchise operations. For Wisconsin specifically, the number of outlets remained consistent at two from 2021 to 2022, and also at the end of 2023, with one outlet opening and one non-renewal during 2023. The 'Ceased Operations Other Reasons' column indicates whether any outlets closed for reasons other than termination, non-renewal, or reacquisition by Gokhale Method.
For a potential Gokhale Method franchisee, this information is valuable in assessing the risks and opportunities associated with investing in a franchise in Wisconsin. The absence of closures due to 'other reasons' may suggest a stable business environment, but it's important to investigate further into the reasons for non-renewal to fully understand the market dynamics. Reviewing the complete Item 20 and speaking with current and former franchisees can provide additional context.