How many Gokhale Method outlets were operating in Oregon at the end of 2022?
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 no Gokhale Method outlets operating in Oregon at the end of 2022. The provided table, which details the status of franchised outlets from 2021 to 2023, indicates that in 2021, there was one outlet in Oregon, which ceased operations for other reasons, resulting in zero outlets at the end of that year. This remained the case through 2022 and 2023, with no new outlets opening during those years.
This information is crucial for potential franchisees as it provides insight into the brand's presence and performance in specific geographic areas. The absence of any operating outlets in Oregon at the end of 2022 could suggest a challenging market or a lack of brand recognition in that state.
A prospective franchisee should further investigate the reasons behind the closure of the previous outlet in Oregon. Understanding the factors that led to its cessation of operations can help in assessing the potential risks and opportunities associated with establishing a Gokhale Method franchise in that region. It would be prudent to discuss market conditions, competition, and the level of support the franchisor provides to franchisees in less established areas.