What were the total operating expenses for Gokhale Method in 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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| 2023 | |
|---|---|
| REVENUE | |
| Royalties | $ 42,057 |
| Franchise fees | 11,188 |
| Continuing education | 28,368 |
| Total revenue | 81,613 |
| OPERATING EXPENSES | |
| Selling expenses | 3,943 |
| General and administrative expenses | 73,135 |
| Total operating expenses | 77,078 |
| Income from operations | 4,535 |
| Tax provision | 800 |
| Net |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, the total operating expenses for the company in 2023 were $77,078. These expenses are broken down into two categories: selling expenses and general and administrative expenses.
Selling expenses totaled $3,943, while general and administrative expenses amounted to $73,135. It's important to note that advertising expenses are included within the general and administrative expenses. For the year ending December 31, 2023, advertising expenses specifically totaled $3,943.
Understanding these operating expenses can provide prospective franchisees with insight into the financial management and cost structure of Gokhale Method. Reviewing these figures in relation to revenue can help potential franchisees assess the profitability and efficiency of the business model. It's also important to consider how these expenses might scale as a franchisee's individual business grows.