How many Gokhale Method outlets were operating in Washington 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 | 2021 | 6 |
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 Washington at the end of 2022. The provided table in Item 20 of the FDD details the number of outlets in each state for the years 2021, 2022, and 2023. For Washington, the table shows the number of outlets at the start of 2022, the number of outlets opened, and the number of outlets at the end of the year.
The table indicates that at the start of 2022, there was one Gokhale Method outlet in Washington. Throughout 2022, no additional outlets were opened, and no outlets were closed, reacquired, or sold. Therefore, the number of outlets at the end of 2022 remained at one.
Prospective franchisees can use this information to understand the historical presence and growth of Gokhale Method in specific states. It is important to note that past performance does not guarantee future results, but this data can provide insights into the brand's development and stability in different markets. Franchisees should further investigate the factors contributing to these numbers, such as market demand and local competition, to assess the potential for success in their desired location.