Does Deck Medic require a manager to own any equity interest in the franchise?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
You may hire a manager to assume responsibility for the daily management and supervision of the Franchised Business, only if (a) the manager meets all of our minimum standards and criteria for managers; (b) the manager completes our initial training program; (c) the manager signs our confidentiality and non-competition agreements; and (d) the manager agrees, in writing, to assume responsibility for the on-site management and supervision of the
Franchised Business. All of your employees and other agents and representatives who may have access to our confidential information must sign a confidentiality agreement. We do not require that the manager own any equity interest in the franchise.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 33–34)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, Deck Medic does not require a manager to own any equity interest in the franchise. However, if a franchisee chooses to hire a manager, that manager must meet Deck Medic's minimum standards and criteria for managers, complete the initial training program, sign confidentiality and non-competition agreements, and agree in writing to assume responsibility for the on-site management and supervision of the franchised business.
This policy provides flexibility for Deck Medic franchisees. Franchisees can either manage the business themselves or hire a manager who meets Deck Medic's standards. The manager is responsible for the daily management and supervision of the Deck Medic business.
Requiring managers to meet certain criteria and complete training ensures that the Deck Medic business is operated according to the franchisor's standards, even if the franchisee is not directly involved in the daily operations. The confidentiality and non-competition agreements protect Deck Medic's confidential information and prevent the manager from competing with Deck Medic, which is a common practice in franchising to protect the brand and system.