How many Gokhale Method outlets in California were reacquired from franchisees in 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | 0 | 0 | 0 | 0 | 1 | 5 |
| 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| 2023 | 5 | 1 | 0 | 0 | 0 | 0 | 6 |
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 outlets reacquired from franchisees in California during 2023. The provided table in Item 20 outlines the status of franchised outlets, including re acquisitions by the franchisor.
Specifically, the table provides a breakdown of outlet activity by state and year. For California, the data shows that in 2023, there were 5 outlets at the start of the year, 1 outlet opened, and zero outlets were reacquired by Gokhale Method. This indicates that Gokhale Method did not take back any franchised locations in California during that year.
Prospective franchisees can use this information to understand the stability and relationship between Gokhale Method and its franchisees. A high number of re acquisitions could signal potential issues with franchisee success or support, while a low number, as in this case, might suggest a more stable franchise system.