How many Gokhale Method outlets were operating in Pennsylvania at the end 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 | 6 |
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 Gokhale Method outlet operating in Pennsylvania at the end of 2023. The provided table tracks the number of outlets from 2021 to 2023, accounting for openings, terminations, non-renewals, re acquisitions by the franchisor, and other reasons for ceased operations. This gives prospective franchisees insight into the brand's growth and stability within specific regions.
Specifically for Pennsylvania in 2023, the table shows 3 outlets at the start of the year, with 0 outlets opened, 0 terminations, 0 non-renewals, 0 re acquisitions by the franchisor, 2 ceased operations for other reasons, resulting in 1 outlet at the end of the year. This detailed breakdown helps potential franchisees understand the dynamics of the Gokhale Method business in Pennsylvania, including any closures or changes in ownership.
It's important to note that this data pertains only to franchised outlets in the United States. The Gokhale Method also has franchisees operating in other countries, as detailed in the notes accompanying the table. Reviewing this information allows potential franchisees to assess the overall health and expansion of the Gokhale Method franchise system, both domestically and internationally.
Prospective franchisees should further investigate the reasons behind any outlet closures or changes in operation to gain a comprehensive understanding of the market conditions and challenges in specific areas. This due diligence will help them make informed decisions about their investment and business strategy.