Who wholly owns Gokhale Method Enterprise, Inc. (GME)?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
Our parent corporation, which owns all interest in us, is Gokhale Method Enterprise, Inc. ("GME"). GME is located at 3790 El Camino Real #1033, Palo Alto, CA 94306. GME is wholly owned by Esther Gokhale. GME is engaged in the business of teaching the Gokhale Method to individuals and to employees of corporations and of operating a business of the type being offered herein. GME is responsible for developing and enhancing the Gokhale Method, and it also conducts research and product development and is the source of products bearing the Marks and that franchisees may purchase, or be required to purchase from us, in connection with the operation of their franchise. GME also provides certain administrative and marketing services to us in exchange for a fee. GME does not and has not offered franchises in any line of business.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 8–10)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, Gokhale Method Enterprise, Inc. (GME) is wholly owned by Esther Gokhale. GME serves as the parent corporation to Gokhale Method Institute, Inc., the franchisor.
As the parent company, GME is responsible for several critical functions. These include developing and enhancing the Gokhale Method itself, conducting research and product development related to the method, and acting as the source for products bearing the Gokhale Method trademarks. Franchisees may be required to purchase these products from GME in connection with operating their franchise.
In addition to its developmental and product-related roles, GME also provides administrative and marketing services to Gokhale Method Institute, Inc. in exchange for a fee. This arrangement highlights the interconnectedness of the two entities, with GME providing essential support functions to the franchisor. This structure is not uncommon in franchising, where a parent company handles intellectual property and support services, allowing the franchisor to focus on franchise operations and development.