What was the net change in the number of company-owned Deck Medic outlets during 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, the net change in the number of company-owned outlets during 2023 was +1. The number of company-owned Deck Medic outlets increased from 3 at the start of 2023 to 4 at the end of the year.
This indicates a slight expansion of Deck Medic's company-owned operations during that period. While the franchisor is primarily focused on expanding through franchising, the addition of a company-owned outlet could be for testing new strategies, training purposes, or to maintain a presence in a specific market.
A prospective franchisee should consider the performance of these company-owned outlets as it may provide insights into the overall viability and profitability of the Deck Medic business model. Understanding the role and strategy behind company-owned locations can be a valuable part of the due diligence process.