What was the total number of Gokhale Method franchises that were transferred 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 crucial for potential franchisees as it provides insight into the stability and transferability of Gokhale Method franchises. A high number of transfers could indicate issues with franchisee profitability or satisfaction, while a low number, as in this case, might suggest stability within the franchise system. However, it is important to note that this data does not include transfers back to Gokhale Method, which could also impact a franchisee's investment exit strategy.