What is the minimum total payment to Gokhale Method before operations begin, including the initial fee?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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The Initial Fee for a Gokhale Method Franchise is $4,000. It is payable upon signing the franchise agreement and is not refundable. Currently, the Initial Fee is uniform as to all franchisees.
Before you begin operations, in addition to the initial franchise fee, you must purchase furnishings and equipment from us (as well as third party vendors) and pay a continuing education fee to us. We estimate that payments to us for these goods and services including the initial $4,000 initial fee will range from $6,081 to $7,93
Source: Item 5 — INITIAL FEES (FDD pages 10–11)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, the initial franchise fee is $4,000, which is payable upon signing the franchise agreement and is non-refundable. However, before beginning operations, a new franchisee must also purchase furnishings and equipment from Gokhale Method and third-party vendors, as well as pay a continuing education fee.
The estimated total payments to Gokhale Method before operations begin, including the initial $4,000 franchise fee, range from $6,081 to $7,932. This range accounts for the initial fee plus the required purchases of furnishings, equipment, and continuing education fees payable directly to Gokhale Method.
Prospective franchisees should note that this is just an estimate, and the actual amount may vary. It is important to carefully review all the expenses with a business advisor, accountant, or attorney before making any decision to purchase a Gokhale Method franchise.