What is the name of Exhibit E to the Gokhale Method Franchise Agreement?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
I received a disclosure document dated May 15, 2024, that included the following Exhibits:
A. Gokhale Method Franchise Agreement
Exhibit A – Franchise Fee Schedule and Price List
Exhibit B – Approved Formats
Exhibit C – Personal Guarantee
Exhibit D – State Amendments
- B. Table of Contents of Teachers' Manual
- C. Financial Statements
- D. List of Franchisees
- E. List of Franchisees who have left the system
- F. List of State Agencies
- G. State Addenda to the Disclosure Document
- H. Receipt
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, Exhibit E to the Franchise Agreement is entitled "List of Franchisees who have left the system." This exhibit is included as part of the disclosure documents a prospective franchisee receives.
This list provides crucial insight into the turnover and stability within the Gokhale Method franchise system. Reviewing this list can help a potential franchisee understand the reasons why franchisees may have left the system, which could range from business performance to disagreements with the franchisor. Understanding these reasons can inform a candidate's decision-making process and due diligence efforts.
Prospective franchisees should carefully examine this list and consider contacting former franchisees, if possible, to gain a deeper understanding of their experiences. This information, combined with other due diligence steps, can provide a more comprehensive view of the Gokhale Method franchise opportunity.