When was Deck Medic formed?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
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End of The Year $ 125,880 $ 110,883
Deck Medic, Inc. Notes To Financial Statements December 31, 2023 and 2022
1. COMPANY AND NATURE OF OPERATIONS
Deck Medic, Inc. (the "Company") is a franchise Company that was incorporated on January 20, 2016 under the laws of the State of Illinois for the purpose of offering franchise opportunities to entrepreneurs who want to own and operate their own Deck Medic, Inc.'s operations as a franchise. The Company offers qualified individuals the right to operate a business that provides outdoor wood restorations (decks, fences, etc.), and power washing services, and related services and products under "Deck Medic" mark. Deck Medic has proprietary stains, strippers, & cleaners that are only available to the Company's franchise owners.
The Company is an affiliate of Deck Medic Supplies, Inc., an Illinois corporation that was established on January 10, 2017. This affiliate provides certain inventory items, including the Starter Kit and semi-transparent oil-based stains and stripping/cleaning products.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
This summary of significant accounting policies is presented to assist the reader in understanding and evaluating the Company's financial statements.
Source: Item 2 — BUSINESS EXPERIENCE (FDD page 10)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, Deck Medic, Inc. was incorporated on January 20, 2016, under the laws of the State of Illinois. The company's primary purpose is to offer franchise opportunities to individuals interested in owning and operating a Deck Medic business. These franchises specialize in outdoor wood restoration, including decks and fences, as well as power washing services, and related products, all marketed under the "Deck Medic" mark.
Deck Medic also has an affiliate, Deck Medic Supplies, Inc., which was established on January 10, 2017. This affiliate is responsible for providing certain inventory items, such as the Starter Kit, semi-transparent oil-based stains, and stripping/cleaning products. Franchisees are required to conduct business with this affiliate for these supplies.
Another affiliate, Konodecks, Inc., was established on March 4, 2016, and owns and operates three Deck Medic businesses similar to the franchised businesses offered. However, Konodecks, Inc. does not offer franchises in any line of business.