How many Gokhale Method outlets were operating in Illinois at the start of 2021?
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 |
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 were two outlets operating in Illinois at the start of 2021. During 2021, one outlet ceased operations for other reasons, leaving one outlet at the end of the year.
This information is helpful for prospective franchisees to understand the historical performance and presence of Gokhale Method in Illinois. Tracking the number of outlets at the start and end of the year, as well as any openings, terminations, or closures, provides insights into the stability and growth of the franchise within the state.
It's important to note that past performance does not guarantee future results. A prospective franchisee should further investigate the reasons behind the outlet closure in 2021 and assess the current market conditions in Illinois to make an informed decision.