What was the total number of Deck Medic outlets at the end of 2022?
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, at the end of 2022, there were a total of 14 Deck Medic outlets. This total is comprised of both franchised and company-owned outlets. Specifically, there were 11 franchised outlets and 3 company-owned outlets.
It's important to note that while the total number of outlets remained constant from 2021 to 2022, the number of franchised outlets increased by one, while the number of company-owned outlets remained the same. This indicates a slight shift towards franchise expansion during that period.
Prospective franchisees should pay attention to these trends as they evaluate the growth and stability of the Deck Medic franchise system. Understanding the mix of franchised versus company-owned locations can provide insights into Deck Medic's strategic approach to market development and its commitment to supporting franchisees.