How much is the Annual Teacher's Meeting Fee for a Gokhale Method franchise, and when is it due?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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| TYPEOFFEE | AMOUNT | DUEDATE | REMARKS |
|---|---|---|---|
| Royalty | $10 – $180 per person per course; see Ex. A to theFranchiseAgreement | Theearlierofwhenwecollect thecoursefeefromyour customer,or |
Source: Item 6 — OTHER FEES (FDD pages 11–13)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the Annual Teacher's Meeting Fee is $450 per year. This fee is due once a year upon registration for the Annual Teacher's Meeting.
This fee is mandatory for franchisees to maintain their teaching qualifications, as Gokhale Method may offer alternative continuing education programs to satisfy the Teachers' Annual Meeting requirement in any given year. It is important to note that all fees are subject to change at Gokhale Method's discretion, and none of the fees listed are refundable.
Prospective franchisees should factor this annual fee into their operating budget. They should also inquire about the content and format of the Annual Teacher's Meeting to assess its value and relevance to their business. Understanding the specific benefits derived from attending the meeting can help franchisees determine the return on investment for this mandatory expense.