How many Gokhale Method outlets ceased operations for reasons other than termination, non-renewal, or reacquisition in California during 2021?
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 | |
| Georgia | 2021 | 2 | 0 | 0 | 0 | 0 | 1 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 2 | 0 | 0 | 0 | 1 | 2 | |
| Illinois | 2021 | 2 | 0 | 0 | 0 | 0 | 1 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Louisiana | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Massachusetts | 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 1 | 0 | 0 | 2 | |
| Montana | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | |
| NewYork | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Oregon | 2021 | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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, in 2021, one outlet in California ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor. At the start of 2021, there were six Gokhale Method outlets in California. By the end of 2021, the number decreased to five, with one outlet ceasing operations for other reasons.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Gokhale Method franchises in California. Understanding the reasons behind outlet closures can help franchisees assess the risks and challenges associated with operating a franchise in that specific market. It's important to note that 'ceased operations for other reasons' can encompass a variety of factors, such as poor performance, relocation, or other unforeseen circumstances.
Prospective franchisees should investigate the reasons behind such closures to better understand the market dynamics and potential challenges. This can be done by speaking with current and former franchisees, as well as directly with the franchisor, to gain a comprehensive understanding of the factors that may contribute to an outlet ceasing operations. Understanding these factors can help a franchisee make an informed decision about investing in a Gokhale Method franchise.