How many Gokhale Method outlets opened in Louisiana 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 the 2024 Gokhale Method Franchise Disclosure Document, there was one outlet opened in Louisiana during 2023. The table provided in Item 20 details the status of franchised outlets from 2021 to 2023. This table includes information on 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 outlets at the end of the year.
Specifically, for Louisiana, the table shows that in 2023, there was 1 outlet at the start of the year and 2 outlets at the end of the year. Given that there were no terminations, non-renewals, re acquisitions, or ceased operations, the difference between the start and end of year outlet counts indicates that one new Gokhale Method outlet opened in Louisiana during 2023.
This information is valuable for prospective franchisees as it provides insight into the growth and stability of the Gokhale Method franchise system in specific states. Observing the number of outlets opened, closed, or transferred can help potential franchisees assess the brand's performance and market penetration in different regions. It's important to note that past performance does not guarantee future results, but this data offers a factual basis for evaluating the franchise's expansion and sustainability.