How many Gokhale Method outlets were operating in NewYork 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 outlets operating in New York at the start of 2023. The table provided 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 outlets at the end of the year for each state.
For a prospective franchisee, this information is useful in understanding the historical growth and stability of Gokhale Method franchises in specific states. The data can help in assessing the market potential and the likelihood of success in a particular region. It also provides insights into factors like terminations or non-renewals, which could indicate challenges faced by franchisees in those areas.
It is important to note that while the table provides a snapshot of outlet activity, it does not offer detailed explanations for changes in outlet numbers. A prospective franchisee should further investigate the reasons behind terminations or closures to gain a comprehensive understanding of the franchise's performance in different markets. This information, combined with other due diligence efforts, can help in making an informed decision about investing in a Gokhale Method franchise.