How many Gokhale Method outlets were operating in Illinois at the start 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 Gokhale Method's 2024 Franchise Disclosure Document, there was one outlet operating in Illinois at the start of 2023. The table provided in Item 20 of the FDD details 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.
Specifically, for Illinois, the table shows that at the start of 2021 there were two outlets, at the start of 2022 there was one outlet, and at the start of 2023 there was one outlet. In 2023, one additional Gokhale Method outlet was opened in Illinois, bringing the total to two outlets by the end of the year.
This information is valuable for prospective franchisees as it provides insight into the historical performance and growth of Gokhale Method outlets in specific states. Reviewing this data can help potential franchisees assess the brand's presence and stability in a particular market, and understand the rate at which new outlets are opening or closing.