How many Gokhale Method outlets were operating in Washington 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 | 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 2023. The table provided in Item 20 of the FDD details the status of franchised outlets for the years 2021 to 2023. This includes 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 a prospective franchisee, this information is useful in understanding the historical performance and stability of Gokhale Method franchises in Washington. Knowing the number of outlets that have opened, closed, or changed ownership can provide insights into the market demand, operational challenges, and overall success rate of the franchise in that specific state. This data helps potential franchisees assess the risks and opportunities associated with investing in a Gokhale Method franchise in Washington.
It is important to note that past performance is not necessarily indicative of future results. However, analyzing trends in outlet openings and closures can help a prospective franchisee formulate informed questions for the franchisor and existing franchisees. Further investigation into the reasons behind any closures or non-renewals can provide a more comprehensive understanding of the factors that may impact the success of a Gokhale Method franchise in Washington.