To whom are the payments for furnishings and equipment made for a Gokhale Method franchise?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| CATEGORYOF INVESTMENT | AMOUNT | METHODOF PAYMENT | WHENDUE | TOWHOMPAID |
|---|---|---|---|---|
| Furnishingsand equipment | $2,486– $9,292 | Checkor creditcard | Priortoapprovalto teach | Franchisorand third-partyvendors. Note4 |
- Note 4: These estimates include the equipment and furnishings necessary to conduct classes and include a laptop computer and software; iPhone with data plan or iPad, mats and pillows for 8 students; a projector and screen; height implements; folding chairs; books, Stretchsit® Cushions, Gokhale® Wedges, Gokhale® Head Cushions, and a Gokhale Pain-Free™ Chair.
Many of these items, although not all, can be purchased from any source, and prices may vary depending upon the source and the condition of the equipment.
Whether they are refundable or not depends on the vendor.
Certain items, such as the Stretchsit Cushion, Gokhale Wedge, Gokhale Head Cushion, and Gokhale Pain-Free Chair must be purchased from us.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the payments for furnishings and equipment, which range from $2,486 to $9,292, are made to both the franchisor and third-party vendors. This investment covers essential items needed to conduct classes, including a laptop, software, an iPhone or iPad with a data plan, mats and pillows for eight students, a projector and screen, height implements, folding chairs, books, Stretchsit® Cushions, Gokhale® Wedges, Gokhale® Head Cushions, and a Gokhale Pain-Free™ Chair.
Prospective franchisees should note that while many of these items can be purchased from various sources, certain specific items like the Stretchsit Cushion, Gokhale Wedge, Gokhale Head Cushion, and Gokhale Pain-Free Chair must be purchased directly from Gokhale Method. The refundability of payments for furnishings and equipment depends on the vendor's policies.
It is important for potential franchisees to clarify with Gokhale Method which specific furnishings and equipment must be purchased from them versus third-party vendors. Understanding the refund policies of each vendor is also crucial to managing the initial investment effectively. This information will help in budgeting and potentially recovering costs if the franchise agreement is terminated or if certain items are no longer needed.