What was the net change in the total number of 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 |
| 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 total number of outlets during 2021 was +1. This means that Deck Medic added one outlet to its total number of outlets during that year. At the start of 2021, there were 13 total outlets, and by the end of the year, there were 14.
Specifically, the number of franchised Deck Medic outlets increased by one, from 10 at the beginning of 2021 to 11 at the end of the year. The number of company-owned outlets remained constant at 3 throughout 2021. This indicates that the overall growth in the number of Deck Medic outlets was due to the addition of a franchised location.
For a prospective franchisee, this information provides insight into the growth and stability of the Deck Medic franchise system. A net increase in total outlets suggests that the franchise is expanding and attracting new franchisees. However, it's important to consider the specific types of outlets that are growing (franchised vs. company-owned) to understand the franchise's growth strategy. A franchisee should also investigate the reasons behind outlet changes in subsequent years to assess the long-term trends in the franchise system.