How many Gokhale Method outlets were operating in Utah 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 | 2 |
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 zero outlets operating in Utah at the end of 2022. The provided table tracks the number of outlets in each state over a three-year period.
The table shows that Gokhale Method had one outlet in Utah at the start of 2022. During 2022, one outlet ceased operations for other reasons. Therefore, the number of Gokhale Method outlets in Utah at the end of 2022 was zero.
Prospective franchisees should pay close attention to the 'Outlets at End of the Year' column in Item 20 to understand the historical performance of outlets in their target state. They should also inquire about the reasons for any closures to assess the stability and potential risks in that market.