How many Gokhale Method franchises in Wisconsin were terminated 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 |
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 no franchise terminations in Wisconsin during 2021. The provided table in Item 20 details the status of franchised outlets, including terminations, non-renewals, re acquisitions, and other reasons for ceased operations.
Specifically, for Wisconsin in 2021, the table indicates that there were two outlets at the start of the year, zero outlets opened, zero terminations, zero non-renewals, zero outlets reacquired by the franchisor, and zero outlets that ceased operations for other reasons. This resulted in two outlets at the end of the year.
This data point is crucial for potential franchisees as it provides insight into the stability and success rate of Gokhale Method franchises in Wisconsin. A lack of terminations can be seen as a positive indicator, suggesting that franchisees are generally able to operate successfully under the Gokhale Method system.