How many Gokhale Method outlets were operating in Illinois at the end of 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 were two outlets operating in Illinois at the end of 2023. The table provided in Item 20 of the FDD details the changes in outlet numbers across various states over the past three years. This includes 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 a prospective franchisee, this information is useful for understanding the growth and stability of the Gokhale Method franchise system in specific regions. The data indicates that in Illinois, one outlet was operating at the start of 2023, and one new outlet was opened during the year, resulting in a total of two outlets by the end of 2023. This suggests a modest expansion in the Illinois market during that year.
It's important to note that the table provides a historical overview, and past performance does not guarantee future results. However, this data can help potential franchisees assess the brand's presence and development in Illinois. Reviewing these figures in conjunction with other factors, such as market demographics and local competition, can contribute to a more informed investment decision. Furthermore, it would be prudent for a prospective franchisee to inquire about the performance and specific locations of the existing Gokhale Method outlets in Illinois to gain a deeper understanding of the market dynamics.