What was the net change in the total number of Gokhale Method outlets during 2023?
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 Gokhale Method's 2024 Franchise Disclosure Document, the net change in the total number of outlets during 2023 was -2. This means that the total number of Gokhale Method outlets decreased by two during that year. At the start of 2023, there were 22 franchised outlets, and by the end of the year, there were 20. The number of company-owned outlets remained at zero throughout 2023.
For a prospective franchisee, this information indicates a slight contraction in the number of franchised Gokhale Method locations. While not a large decrease, it could suggest challenges in maintaining or growing the franchise network. A potential franchisee might want to investigate the reasons for the closures, such as market conditions, franchisee performance, or other factors.
It's important to note that this net change only reflects the total number of outlets and does not provide details on the performance or profitability of individual locations. A prospective franchisee should seek additional information on the financial performance of existing Gokhale Method franchises and the reasons for any closures to make an informed decision.