How many Deck Medic outlets were reacquired by the franchisor in total during 2023?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
S FOR YEARS 2021 to 2023**
| | | | | | | | | |---|---|---|---|---|---|---|---| | | | | | | | | | | | | Outlets | | Outlets | | Outlets Sold | Outlets at | | | | at Start | | Reacquired by | | to | End | | | | of Year | | Franchisor | | Franchisee | of Year | | Florida | 2021 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 1 | 0 | 0 | | Illinois | 2021 | 2 | 0 | 0 | 0 | 0 | 2 | | | 2022 | 2 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 1 | 0 | 0 | 3 | | Totals | 2021 | 3 | 0 | 0 | 0 | 0 | 3 | | | 2022 | 3 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 1 | 1 | 0 | 3 | [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
**TABLE NO.
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, a total of 2 outlets were reacquired by the franchisor during 2023. This is based on the system-wide outlet summary provided in Table No. 1. The table provides a breakdown of outlet activity over the past three years, including the number of outlets reacquired by Deck Medic.
Specifically, the data shows that in 2023, one outlet in Illinois and one in Ohio were reacquired by Deck Medic. This means that Deck Medic took over the operation of these existing franchise locations.
Reacquisition of franchise outlets can occur for various reasons, such as the franchisee's failure to meet performance standards, a mutual agreement between the franchisee and franchisor, or the franchisee's decision to exit the business. For a prospective franchisee, a history of reacquired outlets may indicate potential challenges within the franchise system or specific locations. It would be prudent to inquire with Deck Medic about the reasons for these re acquisitions and what steps the company takes to support franchisees and prevent re acquisitions.