How many Gokhale Method outlets were operating in Alabama at the start 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 Gokhale Method's 2024 Franchise Disclosure Document, there was one outlet operating in Alabama at the start of 2023. The table provided in Item 20 outlines the number of 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 the number of outlets at the end of the year for the years 2021, 2022, and 2023.
For a prospective franchisee, this indicates a relatively small presence of Gokhale Method in Alabama. The fact that the number of outlets remained constant from 2021 to 2023 suggests a stable but not rapidly growing market. This could mean less competition but also potentially less brand recognition in the area.
It's important to note that this data only reflects the number of outlets and does not provide information on the financial performance or customer satisfaction of these locations. A potential franchisee should further investigate the market conditions and demand for Gokhale Method's services in Alabama to assess the viability of opening a new franchise.