How many Gokhale Method outlets in Illinois were operating at the start of 2022?
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, there was one outlet operating in Illinois at the start of 2022. The table provided in Item 20 of the FDD details the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for each state.
Specifically, for Illinois in 2022, the table shows that there was one outlet at the start of the year, no outlets opened during the year, no terminations, no non-renewals, no outlets reacquired by the franchisor, and no outlets that ceased operations for other reasons. This resulted in one outlet operating in Illinois at the end of 2022.
Prospective franchisees can use this information to understand the historical presence and changes in the number of Gokhale Method outlets in specific states. This data can be helpful in assessing the market potential and stability of the franchise in different geographic areas.