How many Gokhale Method outlets were operating in Pennsylvania at the start of 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| Pennsylvania | 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
|---|---|---|---|---|---|---|---|---|
| 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 2 | 1 |
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 3 outlets operating in Pennsylvania at the start of 2023. The provided table tracks the number of outlets from 2021 to 2023, offering a year-by-year view of the franchise's presence in the state. This information is crucial for potential franchisees to understand the existing market and growth trends of Gokhale Method in Pennsylvania.
Specifically, the table details the number of outlets at the start of each year, any outlets that opened during the year, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. For Pennsylvania, the number of outlets remained constant at 3 from 2021 to 2022, and also at the start of 2023. However, during 2023, two outlets ceased operations for other reasons, resulting in only 1 outlet at the end of 2023.
This data is valuable for prospective franchisees as it provides insight into the stability and potential challenges within the Pennsylvania market. A consistent number of outlets followed by a decrease could indicate market saturation, operational issues, or other factors that potential franchisees should investigate further. Understanding these trends is essential for making an informed investment decision and assessing the opportunities and risks associated with opening a Gokhale Method franchise in Pennsylvania.