What was the total number of Gokhale Method outlets at the end of 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| OutletType | Year | Outletsatthe StartoftheYear | Outletsatthe EndoftheYear | NetChange |
|---|---|---|---|---|
| Franchised | 2021 | 27 | 23 | -4 |
| 2022 | 23 | 22 | -1 | |
| 2023 | 22 | 20 | -2 | |
| Company-Owned | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| TotalOutlets* | 2021 | 27 | 23 | -4 |
| 2022 | 23 | 22 | -1 | |
| 2023 | 22 | 20 | -2 |
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, the total number of franchised outlets at the end of 2023 was 20. The FDD also indicates that there were zero company-owned Gokhale Method outlets at the end of 2023. Therefore, the total number of Gokhale Method outlets, both franchised and company-owned, was 20 at the close of 2023.
Specifically, the number of franchised outlets decreased from 22 at the start of 2023 to 20 by the end of the year, representing a net change of -2. This suggests that more Gokhale Method franchises closed than opened during that year.
It is important to note that this data reflects the performance of existing Gokhale Method franchises and the company's own outlets, and may not be indicative of future results. A prospective franchisee should consider these trends when evaluating the potential risks and rewards of investing in a Gokhale Method franchise.