How many Gokhale Method outlets were operating in Massachusetts 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 | 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 3 outlets operating in Massachusetts at the start of 2023. The provided table in Item 20 of the FDD outlines 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 Massachusetts, the table shows that there were 3 outlets at the start of 2021, 3 at the start of 2022, and 3 at the start of 2023. No outlets were opened in Massachusetts during these years. In 2023, one outlet in Massachusetts was not renewed, resulting in 2 outlets at the end of 2023.
This information is valuable for prospective franchisees as it provides insight into the historical performance and stability of Gokhale Method franchises in Massachusetts. A potential franchisee can see the number of existing outlets and whether any closures or non-renewals have occurred, which can inform their decision-making process.