What was the total net change in the number of Deck Medic outlets for the entire system in 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 total net change in the number of outlets for the entire system in 2023 was a decrease of 2. This means that the total number of Deck Medic outlets, including both franchised and company-owned, decreased by 2 during that year.
Specifically, the number of franchised outlets decreased by 3, while the number of company-owned outlets increased by 1. This resulted in the total net decrease of 2 outlets across the entire Deck Medic system.
A prospective franchisee should take note of this contraction in the number of outlets and inquire with Deck Medic about the reasons for the decrease and what strategies are in place to ensure future growth and stability.