What was the total number of Gokhale Method outlets opened in Georgia between 2021 and 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
021 to 2023
| State | Year | Outletsat Startof Year | Outlets Opened | Terminatio ns | Non Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outletsat Endofthe Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| California | 2021 |
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, a total of two outlets were opened in Georgia between 2021 and 2023. Specifically, zero outlets were opened in 2021, zero in 2022, and two in 2023. This information is based on the table summarizing outlet activity by state and year.
It's important to note that while two Gokhale Method outlets opened in Georgia during this period, one outlet also ceased operations in 2021 and another in 2023. This resulted in the number of outlets in Georgia changing from two at the start of 2021 to one at the end of 2021, remaining at one until the end of 2022, and then increasing to two by the end of 2023.
Prospective franchisees should pay close attention to both openings and closures, as the net change in outlets provides a more complete picture of the brand's performance in a given area. While new openings suggest growth, closures could indicate challenges in maintaining successful operations. Reviewing the reasons for outlet terminations or non-renewals, also detailed in the table, can provide further insights into the stability of the Gokhale Method franchise system.