In 2021, how many Deck Medic franchises were transferred for the entire franchise system?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
S FOR YEARS 2021 to 2023**
| Outlets | Outlets | Outlets Sold | Outlets at | ||||
| at Start | Reacquired by | to | End | ||||
| of Year | Franchisor | Franchisee | of Year | ||||
| Florida | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 1 | 0 | 0 | |
| Illinois | 2021 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 1 | 0 | 0 | 3 | |
| Totals | 2021 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2023 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 39–42)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, there were no franchise transfers to new owners within the entire Deck Medic system in 2021. This information is derived from a table that tracks the transfer of outlets from franchisees to new owners, excluding transfers back to the franchisor. The table covers the years 2021 to 2023.
The absence of franchise transfers in 2021 could indicate several factors. It may suggest that Deck Medic franchisees were generally successful and satisfied with their businesses, leading to a low turnover rate. Alternatively, it could reflect a stringent transfer approval process by Deck Medic, or a limited market for reselling franchises at that time.
For a prospective franchisee, this data point is relevant when considering the potential resale value of a Deck Medic franchise. While past performance is not indicative of future results, understanding the historical trends in franchise transfers can inform expectations about the liquidity of the investment. It would be prudent to inquire with Deck Medic about the reasons for the lack of transfers in 2021 and the company's policies on franchise resales.