Did any Gokhale Method outlets in Alabama close for any reason between 2021 and 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
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, there were no closures of Gokhale Method outlets in Alabama between 2021 and 2023. The FDD provides a table outlining outlet activity by state, including openings, terminations, non-renewals, re acquisitions, and closures due to other reasons.
Specifically, the data for Alabama shows one outlet operating at the start of each year (2021, 2022, and 2023). There were no new outlets opened, and no outlets closed for any reason during this three-year period. The number of outlets remained constant at one for each year, indicating stability in the Alabama market during the reported timeframe.
This information is valuable for prospective franchisees as it provides insight into the historical performance and stability of Gokhale Method franchises in specific geographic areas. A lack of closures can be seen as a positive indicator, suggesting that existing franchisees in Alabama have been able to sustain their businesses. However, it is important to consider this data in conjunction with other factors, such as market size, competition, and overall economic conditions, to gain a comprehensive understanding of the franchise opportunity.