How much in management fees did Gokhale Method incur from Gokhale Method Enterprise, Inc. in 2022?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
related parties are as follows:
| Transactions | December 31, | |
|---|---|---|
| incurred | 2022 | |
| Gokhale Method Enterprise, I |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the company incurred $26,100 in management fees from Gokhale Method Enterprise, Inc. during the year 2022. This figure reflects the financial transactions between Gokhale Method Institute, Inc. and its parent company, Gokhale Method Enterprise, Inc., specifically related to management services provided.
For a prospective franchisee, this indicates that Gokhale Method has ongoing expenses related to the management and oversight of its operations. Understanding these related-party transactions can provide insight into the financial structure and relationships within the Gokhale Method organization. It's important to note that these fees are part of the overall cost structure of the franchise system.
This information is typically found in the financial statements and related notes within the FDD, offering transparency into the franchisor's financial dealings. Reviewing these figures over several years, if available, can help a potential franchisee identify trends and assess the stability and financial health of Gokhale Method.