How many Gokhale Method outlets ceased operations for other reasons in Virginia during 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, one outlet in Virginia ceased operations for other reasons during 2023. The table provided in Item 20 details the changes in outlet numbers across various states and years.
Specifically, for Virginia in 2023, the table shows that there was one outlet at the start of the year, and one outlet ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor. This resulted in zero outlets at the end of 2023.
This information is valuable for potential franchisees as it provides insight into the stability and performance of Gokhale Method franchises in specific locations. Understanding the reasons behind outlet closures can help franchisees assess the risks and opportunities associated with investing in a particular area.