How many Gokhale Method outlets in Louisiana were operating at the end of 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, there were two outlets operating in Louisiana at the end of 2023. The table provided in Item 20 of the FDD details the number of outlets in each state over the past three years. This includes information on outlets at the start of the year, outlets opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this information is useful in understanding the growth and stability of the Gokhale Method franchise system in specific states. The data can help assess market saturation, brand presence, and potential opportunities for new outlets. It also provides insights into outlet turnover, which can be an indicator of franchisee success and satisfaction.
Specifically, the data shows that in Louisiana, there was one outlet at the start of 2023, one outlet opened during the year, and no outlets closed. This resulted in a total of two outlets operating in Louisiana at the end of 2023. This detailed breakdown helps potential franchisees evaluate the performance and changes within the Gokhale Method system on a state-by-state basis.