How many total Gokhale Method outlets were operating at the start of 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| OutletType | Year | Outletsatthe StartoftheYear | Outletsatthe EndoftheYear | NetChange |
|---|---|---|---|---|
| Franchised | 2021 | 27 | 23 | -4 |
| 2022 | 23 | 22 | -1 | |
| 2023 | 22 | 20 | -2 | |
| Company-Owned | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| TotalOutlets* | 2021 | 27 | 23 | -4 |
| 2022 | 23 | 22 | -1 | |
| 2023 | 22 | 20 | -2 |
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 a total of 22 Gokhale Method outlets operating at the start of 2023. These figures include both franchised and company-owned outlets within the United States.
The FDD provides a detailed breakdown of outlet statistics over the past three years, allowing prospective franchisees to assess the brand's growth and stability. The data includes the number of outlets at the beginning and end of each year, as well as the net change in outlet numbers. For 2023, the number of outlets decreased from 22 to 20, indicating a net loss of 2 outlets during the year.
It is important to note that these figures represent the total number of Gokhale Method outlets, encompassing both franchised and company-owned locations. The FDD also includes additional information regarding international franchisees. Reviewing these trends can help potential franchisees understand the dynamics of the Gokhale Method franchise system and make informed decisions.