How many franchised Deck Medic outlets were operating at the end of 2023?
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, there were 8 franchised outlets operating at the end of 2023. This number is down from 11 franchised outlets operating at the end of 2022. The FDD also provides data on the number of company-owned outlets, which increased from 3 at the end of 2022 to 4 at the end of 2023.
This decrease in franchised outlets and increase in company-owned outlets contributes to a net decrease of 2 total outlets during 2023. The total number of Deck Medic outlets went from 14 at the end of 2022 to 12 at the end of 2023.
A prospective franchisee should investigate the reasons for the decrease in franchised locations. Understanding why 3 franchises closed in 2023 can provide valuable insight into the challenges and potential risks of operating a Deck Medic franchise. This information, combined with the details in Exhibits F and G, will help a potential franchisee make an informed decision.