When is the Gokhale Method Teacher Webinar Fee due each year?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
S
| TYPEOFFEE | AMOUNT | DUEDATE | REMARKS |
|---|---|---|---|
| Royalty | $10 – $180 per person per course; see Ex. A to theFranchiseAgreement | Theearlierofwhenwecollect thecoursefeefromyour customer,o |
Source: Item 6 — OTHER FEES (FDD pages 11–13)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the Teacher Webinar Fee is $240 per year. This fee is due upon completion of the Teacher Training Immersion Week and each annual anniversary thereafter. This means that after a franchisee completes the initial Teacher Training Immersion Week, they will be required to pay the $240 Teacher Webinar Fee annually on the anniversary of that completion date.
This annual fee contributes to the ongoing training and development provided by Gokhale Method to its franchisees. Continuing education is common in franchising, especially in service-oriented businesses like Gokhale Method, to ensure that franchisees stay up-to-date with the latest techniques and standards. The Teacher Webinar Fee ensures that franchisees have access to resources that help them maintain their qualification to teach the Gokhale Method.
It is important for prospective franchisees to factor this annual fee into their operating budget. While $240 may not seem like a substantial amount, consistent annual fees can add up over the term of the franchise agreement. Franchisees should also be aware that, as noted in the FDD, all fees are subject to change at Gokhale Method's discretion, so the amount of the Teacher Webinar Fee could increase in the future.