How many Gokhale Method outlets in Virginia transferred ownership in 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
Note: The table above shows the number of United States franchisees. In addition, there are two franchisees who operate in Australia, one franchisee who operates in the Bahamas, two franchisees who operate in Canada, one franchisee who operates in France, three franchisees who operate in Germany, one franchisee who operates in India, one franchisee who operates in New Zealand, one franchisee who operates in Singapore, one franchisee who operates in Slovenia, and two franchisees who operate in the UK.
Table No. 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For years 2021 to 2023
| State | Year | NumberofTransfers |
|---|---|---|
| None | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 0 | |
| Total | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 0 |
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 no transfers of Gokhale Method outlets in Virginia to new owners during 2023.
Table No. 2 in Item 20 provides data on the transfers of outlets from franchisees to new owners (other than the franchisor) for the years 2021 to 2023. The table shows that there were zero transfers in any state during those years.
This indicates that existing Gokhale Method franchisees are not selling their businesses to other operators. A prospective franchisee may want to inquire about the reasons for the lack of transfers and what options exist if they want to sell their franchise in the future.