What was the total revenue recognized by Gokhale Method as of December 31, 2021?

According to the 2024 Franchise Disclosure Document, Gokhale Method Institute, Inc. recognized total revenue of $68,396 as of December 31, 2021. This total is comprised of three revenue streams: franchise fees, royalties, and other income. Franchise fees accounted for $25,998, royalties contributed $28,918, and other income made up $13,480 of the total revenue.

In comparison, Gokhale Method's total revenue for the year ending December 31, 2020, was $75,845. This indicates a decrease in total revenue from 2020 to 2021. The revenue streams for 2020 included $25,576 from franchise fees, $42,599 from royalties, and $7,670 from other income. The decrease in royalties from 2020 to 2021 appears to be the primary driver of the overall revenue decline.

A prospective franchisee should consider these figures to understand the revenue trends of Gokhale Method. Understanding the composition of revenue and its changes over time can provide insights into the stability and growth potential of the franchise system. It would be prudent for a potential franchisee to inquire about the factors contributing to the decrease in royalty revenue from 2020 to 2021 to assess the potential impact on their investment.

It is important to note that these figures reflect the revenue recognized by Gokhale Method Institute, Inc. and may not directly represent the revenue or profitability of individual franchise locations. A potential franchisee should conduct thorough due diligence, including reviewing the financial performance of existing franchisees, to gain a comprehensive understanding of the potential financial returns of a Gokhale Method franchise.