What was the net income for Gokhale Method in 2021?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2021 | 2020 | ||
|---|---|---|---|
| Cash flows from operating activities: | 700 | ||
| Net income | 8 | 14,754 3 | 26.730 |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the net income for 2021 was $14,754. This information is derived from the cash flow statements included in the FDD. The net income figure is a key indicator of Gokhale Method's profitability during that year.
Understanding the net income is crucial for potential franchisees as it provides insight into the financial health of Gokhale Method. It allows them to assess the company's ability to generate profits and manage its expenses. This figure is part of a broader set of financial data that helps in evaluating the overall stability and performance of the franchise system.
It's important to note that this net income is specific to Gokhale Method Institute, Inc., and does not reflect the financial performance of individual franchisees. Prospective franchisees should also review the complete financial statements and consult with a financial advisor to fully understand the implications of this data.