How many Gokhale Method outlets were operating in New York 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 were 2 Gokhale Method outlets operating in New York at the start of 2023. The provided table in Item 20 includes data on the number of outlets in each state for the years 2021, 2022, and 2023. This information is valuable for prospective franchisees as it provides a historical view of the brand's presence and changes in specific states.
Specifically, the table details the number of outlets at the start of each year, the number of 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 New York, the data shows a consistent presence of 2 outlets at the start of 2021 and 2022, and 2 at the start of 2023.
However, by the end of 2023, the number of Gokhale Method outlets in New York decreased to 1 due to one outlet ceasing operations for other reasons. This level of detail can help potential franchisees assess the stability and performance of the Gokhale Method franchise in specific geographic areas, and understand potential factors influencing outlet changes.