How many Gokhale Method outlets were operating in Alabama at the end of 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
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 operating in Alabama at the end of 2023. The provided table tracks the number of outlets from 2021 to 2023, showing the number at the start of each year, outlets opened, and the number at the end of the year.
For a prospective franchisee, this indicates a limited presence of Gokhale Method in Alabama. The fact that no additional outlets opened between 2021 and 2023 suggests a stable but not rapidly expanding market in that state. This could represent an opportunity for a new franchisee to grow the brand in the area, or it could signal a limited demand for Gokhale Method's services.
It is important to note that this data only reflects the number of outlets and does not provide information on the financial performance or success of the existing outlet. A potential franchisee should investigate further to understand the market dynamics and potential profitability of a Gokhale Method franchise in Alabama.