How much did Gokhale Method pay in management fees to Gokhale Method Enterprise, Inc. in 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| Transactions | Dec | ember 31, | |
|---|---|---|---|
| incurred | 2023 | ||
| Gokhale Method Enterprise, Inc | Management fee |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, Gokhale Method Institute, Inc. incurred management fees to Gokhale Method Enterprise, Inc. totaling $56,200 in 2023.
This indicates a financial relationship between the two entities, with Gokhale Method Institute, Inc. likely relying on Gokhale Method Enterprise, Inc. for management services. For a prospective franchisee, this highlights the importance of understanding the role and influence of Gokhale Method Enterprise, Inc. within the Gokhale Method franchise system.
Understanding the nature of these management services and the basis for the fee calculation is crucial. A potential franchisee should inquire about the specific services covered by the management fee and how these services contribute to the franchisee's business operations and profitability. It would also be prudent to compare these fees with industry standards to assess their reasonableness.