How many Gokhale Method outlets were operating in Virginia 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 Virginia at the start of 2021. The table provided in Item 20 of the FDD details 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 for each state.
For a prospective franchisee, this information is useful in understanding the historical growth and stability of Gokhale Method franchises in specific states. Seeing that Virginia had one outlet at the beginning of 2021 and ended the year with one outlet indicates a stable market presence during that period.
However, it's important to note that while the number of outlets remained constant in Virginia for 2021 and 2022, the number decreased to zero by the end of 2023. This could signal potential challenges or market changes in Virginia that a prospective franchisee should investigate further. Understanding the reasons behind this decrease, such as market saturation, operational issues, or other factors, would be crucial before investing in a Gokhale Method franchise in Virginia.