What was the total number of Gokhale Method franchise transfers in 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | NumberofTransfers |
|---|---|---|
| None | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 0 | |
| Total | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE REPRESENTATIONS (FDD pages 30–34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, there were no franchise transfers in 2023. The table provided in Item 20 of the FDD details the transfers of outlets from franchisees to new owners, excluding transfers to the franchisor, for the years 2021 through 2023.
The table shows that in 2021, 2022, and 2023, the number of transfers was zero. This indicates that during this period, no Gokhale Method franchisees sold their outlets to new owners other than the franchisor.
This information is relevant for prospective franchisees as it provides insight into the resale activity within the Gokhale Method franchise system. A lack of transfers could suggest franchisee satisfaction or, conversely, a difficulty in reselling franchises. Further investigation may be warranted to understand the reasons behind the absence of franchise transfers during this period.