How many Gokhale Method outlets were operating in Virginia 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 |
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 Virginia at the end of 2023. The provided table in Item 20 details the status of franchised outlets from 2021 to 2023. In 2023, one Gokhale Method outlet ceased operations for other reasons in Virginia. Therefore, the number of outlets at the end of 2023 was zero.
Specifically, the table tracks the number of outlets at the start of the year, outlets opened, 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. This information is useful for prospective franchisees to understand the historical growth, stability, and turnover of Gokhale Method franchises in different states.
By reviewing this table, potential franchisees can identify states where Gokhale Method has a strong presence, is growing, or is experiencing closures. This data can inform their decision-making process and help them assess the risks and opportunities associated with investing in a Gokhale Method franchise in a particular location. It's also important to note the reasons for outlet closures, as this could indicate potential challenges or market conditions that might affect the success of a new franchise.