How many company-owned Deck Medic outlets were operating at the end of 2022?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the End of the Year | Net Change | |
|---|---|---|---|---|
| Franchised | 2021 | 10 | 11 | +1 |
| 2022 | 11 | 11 | 0 | |
| 2023 | 11 | 8 | -3 | |
| Company | 2021 | 3 | 3 | 0 |
| Owned | ||||
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 4 | +1 | |
| Total Outlets | 2021 | 13 | 14 | +1 |
| 2022 | 14 | 14 | 0 | |
| 2023 | 14 | 12 | -2 |
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, at the end of 2022, there were 3 company-owned Deck Medic outlets. This number remained consistent from 2021 to 2022, with no net change in the number of company-owned outlets during that period.
For a prospective franchisee, this indicates that Deck Medic has a limited number of company-owned operations compared to franchised locations. This could mean that Deck Medic focuses more on franchising as its primary growth strategy, or it could reflect a preference for having franchisees manage the day-to-day operations of individual outlets.
It's worth noting that while the number of company-owned outlets remained stable between 2021 and 2022, it increased to 4 in 2023. This suggests that Deck Medic may be starting to invest more in company-owned locations, which could be for testing new strategies, providing training locations, or generating additional revenue for the company.