What is the transfer fee for a Gokhale Method franchise if state law allows a transfer?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
. We do not allow transfers of the franchise under the Franchise Agreement. If, however, state law gives you the right to transfer, you will be required to pay a fee of $5,000 in addition to fulfilling other requirements.
Source: Item 6 — OTHER FEES (FDD pages 11–13)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, Gokhale Method does not typically allow transfers of its franchises. However, if state law grants a franchisee the right to transfer their franchise, Gokhale Method requires the franchisee to pay a transfer fee of $5,000, in addition to fulfilling other requirements.
This means that if a franchisee is in a state that legally allows franchise transfers, they will have to pay Gokhale Method $5,000 to complete the transfer. This fee is in addition to any other costs or requirements mandated by Gokhale Method or state law to facilitate the transfer.
It's important to note that the FDD also states that all fees are subject to change at Gokhale Method's discretion, and none of the fees listed are refundable. Therefore, a prospective franchisee should confirm the current transfer fee and any other conditions with Gokhale Method before attempting to transfer their franchise.