What is Mike Nastepniak's ownership stake in Deck Medic?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
Mike Nastepniak, Owner and President
Mike Nastepniak is our owner and President and Mr. Nastepniak has served in this role since our formation in January 2016. Since January 2016 and continuing to date, Mr. Nastepniak has served as Owner of Generation Bee located in New Lenox, Illinois. Since 1990 and continuing to date, Mr. Nastepniak has served as the owner of Mike's Decorating and Painting located in Frankfort, Illinois.
Source: Item 2 — BUSINESS EXPERIENCE (FDD page 10)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, Mike Nastepniak is identified as an owner and President of Deck Medic. He has held this role since the company's formation in January 2016. The document does not specify the exact percentage of ownership held by Mike Nastepniak.
While the FDD identifies Mike Nastepniak as an owner, it does not provide details about the specific percentage of his ownership stake in Deck Medic. This type of information is often considered proprietary and may not be disclosed in the FDD, as it pertains to the internal equity structure of the company.
A prospective franchisee may want to ask Deck Medic for more information about the ownership structure of the company and the roles and responsibilities of each owner. Understanding the ownership structure can provide insights into the decision-making processes and strategic direction of the franchise system.