How many Gokhale Method outlets were operating in Alabama at the start of 2021?
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 Gokhale Method outlet operating in Alabama at the start of 2021. The provided table tracks the number of outlets at the start of the year, outlets opened during the year, 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. This data provides a clear picture of the brand's presence and changes in each state over the years.
For a prospective franchisee, this information is valuable in assessing the stability and growth of the Gokhale Method franchise system in specific regions. Seeing that Alabama maintained one outlet throughout the observed period might suggest a stable but not rapidly expanding market. It's important to note that while no new outlets opened, none closed either, indicating a consistent operation.
It is also important to consider this information in conjunction with other factors, such as local market conditions and the franchisor's support for franchisees in that area. Further research into why there hasn't been growth, and whether there are plans for expansion, would be beneficial for anyone considering investing in a Gokhale Method franchise in Alabama.