In which states did Gokhale Method outlets cease operations for 'other reasons' during 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 | |
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, several states experienced outlets ceasing operations for 'other reasons' during 2023. Specifically, Georgia and New York each had one outlet that ceased operations for 'other reasons' during that year. Pennsylvania had two outlets cease operations for 'other reasons'.
It is important to note that the FDD provides data on outlet changes, including openings, terminations, and reasons for closures. The 'Ceased Operations Other Reasons' category can include a variety of factors that are not explicitly terminations, non-renewals, or re acquisitions by the franchisor. Understanding the specific reasons behind these closures can be crucial for prospective franchisees.
For a potential Gokhale Method franchisee, this information highlights the importance of due diligence. Investigating the reasons behind closures in these states could provide valuable insights into potential challenges or market conditions. It would be prudent to discuss with Gokhale Method the specific 'other reasons' for these closures to gain a clearer understanding and assess any potential risks associated with operating a franchise in those areas.