What was the net change in the number of franchised Gokhale Method outlets during 2022?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| OutletType | Year | Outletsatthe StartoftheYear | Outletsatthe EndoftheYear | NetChange |
|---|---|---|---|---|
| Franchised | 2021 | 27 | 23 | -4 |
| 2022 | 23 | 22 | -1 | |
| 2023 | 22 | 20 | -2 | |
| Company-Owned | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| TotalOutlets* | 2021 | 27 | 23 | -4 |
| 2022 | 23 | 22 | -1 | |
| 2023 | 22 | 20 | -2 |
Source: Item 20 — OUTLETS AND FRANCHISEE REPRESENTATIONS (FDD pages 30–34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, the net change in the number of franchised outlets during 2022 was a decrease of 1. This means that the total number of Gokhale Method franchised locations decreased by one during that year. This information is crucial for potential franchisees as it provides insight into the growth and stability of the franchise system.
The decrease in franchised outlets could be due to various factors such as closures, terminations, or non-renewals of franchise agreements. While a single-year decrease may not be alarming, prospective franchisees should investigate the reasons behind the change to assess any potential risks or challenges within the Gokhale Method system. Understanding the dynamics of outlet changes can help in making an informed investment decision.
It's important to note that while the overall net change was -1, this doesn't reveal the complete picture of outlet activity. The FDD also includes tables that show the number of outlets opened, reacquired, closed, and sold, which provide a more detailed view of outlet turnover. Reviewing these additional tables can offer a more nuanced understanding of the health and movement within the Gokhale Method franchise network.