How many Gokhale Method outlets were operating in Virginia at the start 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 start of 2023. The provided table tracks outlet data from 2021 to 2023, showing the number of outlets at the start of each year, how many opened, and the total at the end of the year. In 2023, one Gokhale Method outlet operated in Virginia, and one outlet closed, resulting in zero outlets at the end of 2023.
This information is relevant for prospective franchisees as it provides insight into the brand's presence and performance in specific states. The data can help potential franchisees assess market saturation, growth trends, and the overall stability of Gokhale Method franchises in a particular region. Understanding the number of outlets opened or closed can indicate the level of market demand and the challenges or opportunities that may exist in operating a franchise in that area.
Reviewing the history of Gokhale Method outlets in Virginia, a potential franchisee can see that while there was an initial presence, the closure of the outlet in 2023 may warrant further investigation. It would be prudent to inquire with Gokhale Method about the reasons for the closure and the specific market conditions in Virginia to better evaluate the potential for success in that state.