How many Deck Medic outlets in Illinois were reacquired by the franchisor during 2023?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Ceased | ||||||||
| Outlets | Reacquired | Operations | Outlets | |||||
| at Start | by | for Other | at End | |||||
| of Year | Franchisor | Reasons | of Year | |||||
| Illinois | 2021 | 5 | 1 | 0 | 0 | 0 | 0 | 6 |
| 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| 2023 | 6 | 0 | 0 | 0 | 1 | 0 | 5 |
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, one Deck Medic outlet in Illinois was reacquired by the franchisor during 2023. The table provided in Item 20 outlines the changes in outlet status over the past three years. This includes details on outlets that were reacquired by Deck Medic.
For a potential franchisee, this information is crucial for understanding the stability and performance of existing franchises. A high number of reacquired franchises could indicate underlying issues with the business model, franchisee support, or market conditions. Conversely, a low number suggests a healthy and sustainable franchise system.
It's important to note that reacquisition doesn't necessarily mean failure. Sometimes, Deck Medic might reacquire a location for strategic reasons, such as consolidating operations or transferring it to a more suitable franchisee. However, it's always wise to investigate the reasons behind any reacquired outlets to assess the overall risk and opportunity associated with investing in a Deck Medic franchise.