Does Deck Medic make any representations about a franchisee's future financial performance?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
We do not make any representations about a franchisee's future financial performance or the past financial performance of company owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting Jeff Konopack, Deck Medic, Inc. at 966 Lambrecht Road, Frankfort, Illinois 60423 and (800) 992-1202 and (708) 670-9140, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD page 39)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, Deck Medic does not make any representations about a franchisee's future financial performance, nor does it make representations about the past financial performance of company-owned or franchised outlets. Deck Medic also does not authorize its employees or representatives to make such representations, either orally or in writing.
However, if a prospective franchisee is purchasing an existing Deck Medic outlet, the franchisor may provide the actual records of that specific outlet. The FDD stipulates that if a potential franchisee receives any other financial performance information or projections of future income, they should report it to Deck Medic's management, the Federal Trade Commission, and the appropriate state regulatory agencies.
This policy is typical in franchising. Franchisees should be wary of any financial projections or promises made outside of the formal Item 19 disclosure, as these are not vetted by the franchisor and may be unreliable. It is important for potential Deck Medic franchisees to conduct their own independent financial analysis and due diligence, consulting with financial advisors and other franchisees to assess the potential profitability of the franchise.