How many Gokhale Method outlets in Montana experienced non-renewal in 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 Montana experienced non-renewal in 2023. The table provided in Item 20 details the changes in outlet numbers across various states and years.
Specifically, for Montana in 2023, the table shows one outlet at the start of the year and zero outlets at the end of the year. This change is attributed to one non-renewal. This means the franchisee chose not to renew their franchise agreement, leading to the closure of the outlet.
Prospective franchisees should consider non-renewals as an important factor when evaluating the stability and success of a franchise system. While non-renewal can occur for various reasons, it's essential to understand the factors that might contribute to such decisions and how Gokhale Method supports its franchisees to avoid non-renewals.