What was the total number of Gokhale Method outlets at the start 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, at the start of 2023, there were a total of 22 franchised outlets. The FDD provides a system-wide outlet summary for the years 2021 to 2023. This summary includes details on the number of franchised outlets at the beginning of each year.
The information is presented in a table format, which allows prospective franchisees to easily see the changes in the number of Gokhale Method outlets over the three-year period. The table also breaks down the changes, showing the net change in the number of franchised locations. For 2023, the net change was -2, indicating a decrease in the number of franchised outlets during that year.
It is important to note that the table specifically refers to franchised outlets and does not include any company-owned outlets, as Gokhale Method did not have any company-owned outlets during the years 2021-2023. This information is valuable for potential franchisees as it provides insight into the stability and growth of the franchise system.