What was Gokhale Method's total revenue during the fiscal year ended December 31, 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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During our fiscal year ended December 31, 2023, our total revenue was $81,612. Total sales of required items was $28,368, or 35 percent of our total revenue. The total estimated proportion of all required purchases and leases in relation to all purchases and leases you will make in establishing the business is less than 25%. The total estimated proportion of all required purchases and leases in relation to all purchases and leases you will make in operating the business during your first year of operation is less t
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 15–17)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the company's total revenue for the fiscal year ended December 31, 2023, was $81,612. Of this revenue, $28,368 came from the sale of required items, representing 35% of the total revenue.
For a prospective franchisee, this indicates the scale of Gokhale Method's overall business and the portion derived from mandatory purchases. Understanding the revenue streams can help a franchisee assess the financial stability and potential growth of the franchise system. The fact that 35% of the revenue comes from required items highlights the importance of these products to the franchisor's business model.
The FDD also states that the total estimated proportion of all required purchases and leases in relation to all purchases and leases a franchisee will make in establishing and operating the business during their first year is less than 25%. This suggests that while required purchases contribute significantly to Gokhale Method's revenue, they form a smaller proportion of the franchisee's overall investment and operational expenses.