Is there a payment plan option for the initial Gokhale Method franchise fee?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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The Initial Fee for a Gokhale Method Franchise is $4,000. It is payable upon signing the franchise agreement and is not refundable. Currently, the Initial Fee is uniform as to all franchisees.
Before you begin operations, in addition to the initial franchise fee, you must purchase furnishings and equipment from us (as well as third party vendors) and pay a continuing education fee to us. We estimate that payments to us for these goods and services including the initial $4,000 initial fee will range from $6,081 to $7,93
Source: Item 5 — INITIAL FEES (FDD pages 10–11)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, the initial franchise fee is $4,000, payable upon signing the franchise agreement. The FDD states that Gokhale Method does not offer financing for the initial investment or any other items.
This means that prospective franchisees must have the full $4,000 available at the time of signing the agreement. Unlike some franchisors that may offer payment plans or financing options, Gokhale Method requires the initial fee upfront. This could be a barrier for some potential franchisees who may need to seek alternative funding sources.
The FDD does mention the possibility of third-party financing, but the availability and terms will depend on the franchisee's creditworthiness and the lending institution's policies. It is advisable to discuss financing options with a business advisor, accountant, or attorney before making any decision to purchase a Gokhale Method franchise.