How did the number of Gokhale Method franchises that ceased operations for other reasons change from 2021 to 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
021 to 2023
| State | Year | Outletsat Startof Year | Outlets Opened | Terminatio ns | Non Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outletsat Endofthe Year | |---|---|---|---|---|---|---|---|---| | Alabama | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | California | 2021 | 6 | 0 | 0 | 0 | 0 | 1 | 5 | | | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 1 | 0 | 0 | 0 | 0 | 6 | | Georgia | 2021 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 2 | 0 | 0 | 0 | 1 | 2 | | Illinois | 2021 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | Louisiana | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | Massachusetts | 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 1 | 0 | 0 | 2 | | Montana | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | | NewYork | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | | Oregon | 2021 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pennsylvania | 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |---|---|---|---|---|---|---|---|---| | | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 0 | 2 | 1 | | Utah | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Virginia | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | Washington | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Wisconsin | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 1 | 0 | 1 | 0 | 0 | 2 | | Total | 2021 | 27 | 0 | 0 | 0 | 0 | 4 | 23 | | | 2022 | 23 | 0 | 0 | 0 | 0 | 1 | 22 | | | 2023 | 22 | 6 | 0 | 3 | 0 | 5 | 20 | Note: The table above shows the number of United States franchisees.
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 number of franchises that ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor changed between 2021 and 2023. In 2021, a total of 4 franchises ceased operations for other reasons. By 2022, this number decreased to 1. In 2023, the number increased slightly to 5.
Specifically, in 2021, one franchise in California, one in Georgia, one in Illinois, and one in Oregon ceased operations for other reasons. In 2022, only one franchise in Utah ceased operations for other reasons. In 2023, one franchise in Georgia, one in New York, one in Pennsylvania, one in Virginia, and one in Wisconsin ceased operations for other reasons.
This data indicates some instability in franchise operations, as several locations closed for unspecified reasons. A prospective franchisee should inquire with Gokhale Method about the typical reasons for these closures and what support the franchisor provides to prevent such occurrences. Understanding the factors that contribute to these closures can help a new franchisee better prepare for and mitigate potential risks.