How many Gokhale Method outlets were operating in Massachusetts 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 | 6 |
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 2 outlets operating in Massachusetts at the end of 2023. At the start of 2023, there were 3 outlets. During 2023, there were no outlets opened, and one outlet ceased operations due to non-renewal. This resulted in the total of 2 outlets at the end of the year.
This information is valuable for potential franchisees as it provides insight into the brand's performance and stability in specific locations. The decrease of one outlet in Massachusetts during 2023 could signal market challenges or other factors that prospective franchisees should investigate. Understanding the reasons behind outlet closures or non-renewals is crucial for assessing the risks and opportunities associated with investing in a Gokhale Method franchise in that area.
It is important to note that past performance is not indicative of future results, but this data offers a glimpse into the realities of operating a Gokhale Method franchise. Potential franchisees should further investigate the reasons for the non-renewal, assess the local market conditions, and evaluate the level of support provided by Gokhale Method to its franchisees in Massachusetts.