How many Gokhale Method outlets were operating in Wisconsin 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 were 2 outlets operating in Wisconsin at the start of 2023. The table provided in Item 20 of the FDD details the number of outlets at the start and end of each year, as well as any changes that occurred during the year. For Wisconsin in 2023, the table shows there were 2 outlets at the beginning of the year, 1 outlet opened, and 1 outlet ceased operations, leaving 2 outlets at the end of 2023.
This information is valuable for prospective franchisees as it provides a historical view of Gokhale Method's presence and performance in Wisconsin. It shows the existing market size and any changes in the number of outlets. Understanding these trends can help a potential franchisee assess the market's viability and potential for growth.
It's important to note that past performance is not indicative of future results. However, this data offers insights into the brand's establishment and sustainability in the state. A prospective franchisee should further investigate the reasons behind the outlet closure in 2023 to gain a comprehensive understanding of the market dynamics in Wisconsin.