How much is the initial franchise fee for a Gokhale Method franchise?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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| CATEGORYOF INVESTMENT | AMOUNT | METHODOF PAYMENT | WHENDUE | TOWHOMPAID |
|---|---|---|---|---|
| InitialFranchiseFee | $4,000 | Cashorcheck | Priorto commencementof ImmersionWeek | Franchisor. |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the initial franchise fee is $4,000. This fee is payable in cash or check and is due prior to the commencement of the Immersion Week training. The fee is paid directly to the franchisor and is non-refundable.
In addition to the initial franchise fee, prospective franchisees should be aware of other initial investment costs. These include initial training expenses, real estate and space rental, furnishings and equipment, telephone and internet connections, security deposits, continuing education, marketing expenses, additional funds for the first three months, and insurance. These costs range from $8,531 to $23,422.
It is important for potential Gokhale Method franchisees to carefully consider all the initial investment costs and ensure they have sufficient capital before committing to the franchise. Consulting with a business advisor, accountant, or attorney is recommended to review these figures and assess their financial readiness.