How much revenue did Gokhale Method generate from royalties 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 revenue | 81,613 |
| OPERATING EXPENSES | |
| Selling expenses | 3,943 |
| General and administrative expenses | 73,135 |
| Total operating expenses | 77,078 |
| Income from operations | 4,535 |
| Tax provision | 800 |
| Net |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, the company generated $42,057 in revenue from royalties in 2023. In addition to royalties, Gokhale Method also generated revenue from franchise fees and continuing education. Franchise fees totaled $11,188, while continuing education brought in $28,368. Overall, the total revenue for Gokhale Method in 2023 was $81,613.
It is important to note that while Gokhale Method had a total revenue of $81,613, the company also had operating expenses. Selling expenses totaled $3,943, and general and administrative expenses amounted to $73,135. The total operating expenses for Gokhale Method in 2023 were $77,078. After accounting for these expenses, the income from operations was $4,535.
After factoring in a tax provision of $800, Gokhale Method's net income for 2023 was $3,735. This information is crucial for potential franchisees to understand the financial performance of Gokhale Method. Reviewing the revenue streams and expenses can help franchisees assess the potential profitability and financial stability of the franchise system.