What was the net change in the number of franchised Gokhale Method outlets during 2021?

According to the 2024 Gokhale Method Franchise Disclosure Document, there was a net decrease of 4 franchised outlets in 2021. At the start of 2021, there were 27 franchised outlets, and by the end of the year, the number decreased to 23. This indicates that the number of closures and terminations exceeded the number of new openings during that year.

For a prospective franchisee, this information highlights a potential risk. While the Gokhale Method system may be successful overall, the decrease in franchised outlets suggests that some franchisees have struggled. It would be prudent to investigate the reasons behind these closures, such as market conditions, franchisee performance, or other factors. Understanding the challenges faced by previous franchisees can help a new franchisee prepare for potential obstacles and develop strategies to mitigate them.

It's also important to note that this data reflects system-wide changes. A closer look at specific regions, as detailed in another table within Item 20, shows that some states experienced different trends. For example, while the total number of outlets decreased, some states maintained the same number of outlets or even added new ones. This suggests that the success of a Gokhale Method franchise may vary depending on the location and local market conditions. Therefore, prospective franchisees should carefully research the specific market they are considering and assess its potential for success.