How many Gokhale Method outlets were operating in Oregon at the start 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 was one outlet operating in Oregon at the start of 2021. However, by the end of 2021, that outlet had ceased operations for other reasons. As of 2022 and 2023, there were no Gokhale Method outlets operating in Oregon.
This information is crucial for prospective franchisees as it provides insight into the brand's performance and stability in specific geographic areas. The fact that an outlet closed in Oregon within the same year it was operating suggests potential challenges in that market. A potential franchisee should investigate the reasons for the closure to assess the risks and opportunities in that region.
It's important to note that the table only reflects the status of franchised outlets in the United States. Gokhale Method also has franchisees operating in other countries, including Australia, the Bahamas, Canada, France, Germany, India, New Zealand, Singapore, Slovenia, and the UK. This global presence may offer additional insights into the brand's overall performance and market adaptability.