How many Gokhale Method outlets were operating in NewYork at the end of 2021?
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 outlets operating in New York at the end of 2021. The table provided in Item 20 of the FDD details the number of outlets in each state for the years 2021, 2022, and 2023.
Specifically, for New York in 2021, the table shows that there were 2 outlets at the start of the year, no outlets opened during the year, and no terminations, non-renewals, re acquisitions by the franchisor or ceased operations for other reasons. Therefore, the number of outlets at the end of the year remained at 2.
Prospective franchisees can use this information to understand the historical presence and stability of Gokhale Method franchises in New York. It's important to note that past performance does not guarantee future results, and franchisees should conduct their own market research to assess the potential for success in their specific area.