What was the net change in the number of franchised Deck Medic outlets during 2021?
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 |
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 franchised outlets during 2021 was an increase of one location. At the beginning of 2021, there were 10 franchised Deck Medic outlets, and by the end of the year, the number had increased to 11.
This information is crucial for potential franchisees as it provides insight into the growth and stability of the Deck Medic franchise system. A positive net change suggests that the franchise is expanding and attracting new franchisees. However, it is important to consider this number in the context of other factors, such as the number of terminations or transfers, to get a complete picture of the franchise's health.
Prospective franchisees should also investigate the reasons behind any changes in outlet numbers. For instance, understanding why outlets closed or were transferred can provide valuable information about the challenges and opportunities within the Deck Medic system. This data, combined with conversations with current and former franchisees, can help potential investors make informed decisions.