How many Gokhale Method outlets ceased operations for other reasons in Oregon during 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 |
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, one outlet in Oregon ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during 2021. The table provided in Item 20 details the changes in outlet numbers across various states and years.
This information is relevant for prospective franchisees as it provides insight into the stability and potential challenges within the Gokhale Method franchise system. Understanding the reasons behind outlet closures can help franchisees assess the risks and opportunities associated with investing in a particular location. Closures for 'other reasons' might include factors like poor performance, local market conditions, or franchisee personal circumstances.
It's important to note that while one outlet closure in Oregon during 2021 might not seem significant on its own, prospective franchisees should consider this information in conjunction with other data presented in Item 20, such as the total number of outlets, openings, terminations, and non-renewals, to gain a comprehensive understanding of the overall health and growth of the Gokhale Method franchise system. Further investigation into the specific reasons for closures in certain areas may also be beneficial in making an informed investment decision.