How many Gokhale Method outlets were operating in Louisiana 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 Louisiana 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 each state.
Specifically, for Louisiana, the table shows that in 2021 there was one outlet at the start of the year, and it remained one at the end of the year. In 2022, there was still one outlet at the start and end of the year. Then, in 2023, there was one outlet at the start of the year, one outlet opened, and two outlets at the end of the year.
This information is valuable for potential franchisees as it provides a historical overview of the Gokhale Method franchise's presence and growth in specific states. Reviewing this data can help a prospective franchisee understand the stability and potential for expansion in a particular market, as well as the overall trends in outlet openings and closures.