How much revenue did Gokhale Method generate from continuing education in 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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| 2023 | |
|---|---|
| REVENUE | |
| Royalties | $ 42,057 |
| Franchise fees | 11,188 |
| Continuing education | 28,368 |
| Total |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the company generated $28,368 in revenue from continuing education in 2023. This figure is part of the total revenue reported by Gokhale Method, which amounted to $81,613 for the same year. The continuing education revenue contributes to the overall financial performance of the company.
Continuing education is a revenue stream for Gokhale Method, derived from fees paid by alumni for follow-up work in one-on-one formats or small group classes. These offerings allow alumni to review basic techniques, learn material covered in Gokhale Foundations in expanded contexts, and enhance their skills and awareness. The fees associated with continuing education are included in the continuing education caption of the Statement of Operations.
For a prospective franchisee, understanding the revenue generated from continuing education is important as it reflects the potential for ongoing income from existing students. It also highlights the importance of providing quality continuing education programs to retain students and encourage them to participate in these offerings. This revenue stream, while smaller than royalties ($42,057), still represents a notable portion of Gokhale Method's income.