In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a Precision Door Service franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Precision Door Service franchise, based on Items 5 and 6 of the company’s 2023 FDD
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Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.Section III – Number of franchised and company-owned Precision Door Service outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD
Section IV – News updates on the Precision Door Service franchise opportunity
Section V – Presentation and analysis of Precision Door Service’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:
- 2022 average, median, highest, and lowest gross sales for the 97 franchised Precision Door Service businesses that were in operation and reporting sales for the full 52 weeks of the 2022 calendar year
- 2022 average, median, highest, and lowest gross sales per job for the top 10%, 1st quartile, 2nd quartile, 3rd quartile, 4th quartile, bottom 10%, and all 97 franchised Precision Door Service businesses that were in operation and reporting sales for the full 52 weeks of the 2022 calendar year
- 2022 average, median, highest, and lowest gross sales per capita for the top 10%, 1st quartile, 2nd quartile, 3rd quartile, 4th quartile, bottom 10%, and 94 franchised Precision Door Service businesses that were in operation and reporting sales for the full 52 weeks of the 2022 calendar year
Section VI – Key ratios, comparables, computations, and analyses for the Precision Door Service franchise opportunity (exclusive content for Platinum subscribers)
Section I – Precision Door Service Franchise Costs
- Precision Door Service franchise costs, based on Item 7 of the company’s 2023 FDD:
- Initial Franchise Fee: $60,000 to $120,000
- Office Lease: $1,500 to $5,000
- Office Build-Out: $0 to $4,000
- Telephone Number Charges: $0 to $500
- Software System Enrollment Fee: $1,250
- Deposits and Other Prepaid Expenses: $200 to $500
- Tools: $400 to $1,600
- Training and Travel, Lodging, and Food Expenses: $2,000 to $4,500
- Furniture and Fixtures: $1,000 to $4,000
- Office Equipment: $1,500 to $4,000
- Signage: $300 to $4,000
- Opening Parts and Electronics Inventory: $15,000 to $25,000
- Office Supplies: $300 to $800
- Truck(s): $1,200 to $2,400
- Insurance: $5,000 to $20,000
- Uniforms: $200 to $300
- Professional Fees, Licenses, and Trade Association Memberships: $500 to $5,000
- Website Development: $2,500 to $10,000
- Advertising and Promotional, and Local Marketing Spending: $15,000 to $30,000
- Additional Funds for First 3 Months of Operation: $30,000 to $60,000
- Total Estimated Precision Door Service Franchise Costs (does not include real estate costs): $137,850 to $302,850
Section II – Precision Door Service’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Precision Door Service’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Initial Franchise Fee: $0.40 per single family home one unit detached (“SFHUD”) included in your territory; a typical territory will include between 150,000 and 300,000 SFHUDs, making the typical initial franchise fee $60,000 (“Minimum Initial Franchise Fee”) to $120,000
- License Fee: 2% to 6% of Gross Sales (depending on the previous calendar year’s gross sales); in addition, minimum license fees apply
- Marketing, Advertising, and Promotions (MAP) Fee: 2% of Gross Sales
- Local Marketing Groups: not to exceed 3% of Gross Sales
Section III – Number of Franchised and Company-Owned Precision Door Service Outlets
Franchised
2020
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
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- Outlets at the End of the Year: 102
- Net Change: +6
2021
- Outlets at the Start of the Year: 102
- Outlets at the End of the Year: 108
- Net Change: +6
2022
- Outlets at the Start of the Year: 108
- Outlets at the End of the Year: 111
- Net Change: +3
Company-Owned
2020
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2021
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2022
🎯Find Best-Fit Franchises Still Available in Your Target Area (Free Tool)
When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
Section IV – News Updates on the Precision Door Service Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Precision Door Service Franchise (Item 19, 2023 FDD)
- The sales figures listed below include (a) average and median Gross Sales, (b) Gross Sales per Job, and (c) Gross Sales per Capita, which figures are all derived from historical operating results of the Precision Door Service franchised businesses indicated for the time period covered.
- Precision Door Service obtained these sales figures from information provided to it by its franchisees for the period from January 1, 2022 through December 31, 2022 (the “Reporting Period”). Neither Precision Door Service nor its independent certified public accountants have audited or verified any of the sales figures reported to it. Franchisees are not required to use generally accepted accounting principles when reporting these figures.
- As of December 31, 2022, there were 111 Precision Door Service businesses in operation in the United States, all of which were franchised businesses. The financial figures are calculated based on data from 97 businesses, which were all in operation and reporting sales for the full 52 weeks of the Reporting Period (the “Reporting Businesses”).
- The information provided in this Item 19 does not include data from 3 franchised businesses that opened during the year 2022 and therefore were not in operation for the entire 52-week Reporting Period. The figures also exclude data from (a) 3 franchised businesses owned by a multi-unit franchisee that only reported Gross Sales data to Precision Door Service on a combined basis and (b) 8 franchised businesses that underwent a transfer during the Reporting Period and therefore did not operate and report data to Precision Door Service for all 52 weeks of the Reporting Period.
- “Gross Sales” means the total revenues and receipts from whatever source (whether in the form of cash, credit, agreement to pay, barter, trade, or other consideration) that arise, directly or indirectly, from the operation of a franchised business, or in connection with a franchised business whether under any of the Marks or otherwise.
- Gross Sales exclude sales taxes collected from customers and paid to the appropriate taxing authority and any other bona fide refunds, rebates, or discounts that Precision Door Service authorizes in writing. Gross Sales also exclude sales from any Excluded Services.
Part 1 – 2022 Average and Median Gross Sales for the Reporting Businesses
- The following table provides the average and median annual Gross Sales during the Reporting Period for the Reporting Businesses.
- Average Gross Sales: $5,288,732
- Number and Percentage of Franchised Businesses That Achieved at Least the Average: 31/32%
- Actual Highest Gross Sales: $36,844,804
- Actual Lowest Gross Sales: $352,182
- Median Gross Sales: $4,130,067
Part 2 – 2022 Average and Median Gross Sales per Job
- The following table provides the average and median Gross Sales per job for the Reporting Businesses.
Top 10%
- Average Gross Sales Per Job Attained by This Group: $1,061
- Highest Gross Sales Per Job Attained by This Group: $1,575
- Lowest Gross Sales Per Job Attained by This Group: $969
- Median Gross Sales Per Job Attained by This Group: $1,017
- Number in This Group: 10
- Number and Percent in Group that Attained the Average or Greater: 4/40%
1st Quartile
- Average Gross Sales Per Job Attained by This Group: $986
- Highest Gross Sales Per Job Attained by This Group: $1,575
- Lowest Gross Sales Per Job Attained by This Group: $855
- Median Gross Sales Per Job Attained by This Group: $958
- Number in This Group: 24
- Number and Percent in Group that Attained the Average or Greater: 8/33%
2nd Quartile
- Average Gross Sales Per Job Attained by This Group: $790
- Highest Gross Sales Per Job Attained by This Group: $857
- Lowest Gross Sales Per Job Attained by This Group: $746
- Median Gross Sales Per Job Attained by This Group: $801
- Number in This Group: 24
- Number and Percent in Group that Attained the Average or Greater: 13/54%
3rd Quartile
- Average Gross Sales Per Job Attained by This Group: $696
- Highest Gross Sales Per Job Attained by This Group: $747
- Lowest Gross Sales Per Job Attained by This Group: $635
- Median Gross Sales Per Job Attained by This Group: $676
- Number in This Group: 24
- Number and Percent in Group that Attained the Average or Greater: 9/38%
4th Quartile
- Average Gross Sales Per Job Attained by This Group: $538
- Highest Gross Sales Per Job Attained by This Group: $655
- Lowest Gross Sales Per Job Attained by This Group: $440
- Median Gross Sales Per Job Attained by This Group: $544
- Number in This Group: 25
- Number and Percent in Group that Attained the Average or Greater: 15/60%
Bottom 10%
- Average Gross Sales Per Job Attained by This Group: $475
- Highest Gross Sales Per Job Attained by This Group: $537
- Lowest Gross Sales Per Job Attained by This Group: $440
- Median Gross Sales Per Job Attained by This Group: $513
- Number in This Group: 10
- Number and Percent in Group that Attained the Average or Greater: 6/60%
100%
- Average Gross Sales Per Job Attained by This Group: $752
- Highest Gross Sales Per Job Attained by This Group: $1,575
- Lowest Gross Sales Per Job Attained by This Group: $440
- Median Gross Sales Per Job Attained by This Group: $747
- Number in This Group: 97
- Number and Percent in Group that Attained the Average or Greater: 44/45%
Part 3 – 2022 Average and Median Gross Sales per Capita
- The following table provides the average and median Gross Sales per capita information for the Reporting Businesses during the Reporting Period.
Top 10%
- Average Gross Sales Per Capita Attained by This Group: $7.59
- Highest Gross Sales Per Capita Attained by This Group: $9.13
- Lowest Gross Sales Per Capita Attained by This Group: $5.90
- Median Gross Sales Per Capita Attained by This Group: $7.19
- Number in This Group: 9
- Number and Percent in Group that Attained the Average or Greater: 3/33%
1st Quartile
- Average Gross Sales Per Capita Attained by This Group: $5.64
- Highest Gross Sales Per Capita Attained by This Group: $9.13
- Lowest Gross Sales Per Capita Attained by This Group: $3.17
- Median Gross Sales Per Capita Attained by This Group: $5.21
- Number in This Group: 24
- Number and Percent in Group that Attained the Average or Greater: 11/46%
2nd Quartile
- Average Gross Sales Per Capita Attained by This Group: $2.73
- Highest Gross Sales Per Capita Attained by This Group: $3.17
- Lowest Gross Sales Per Capita Attained by This Group: $2.33
- Median Gross Sales Per Capita Attained by This Group: $2.81
- Number in This Group: 24
- Number and Percent in Group that Attained the Average or Greater: 14/58%
3rd Quartile
- Average Gross Sales Per Capita Attained by This Group: $1.81
- Highest Gross Sales Per Capita Attained by This Group: $2.30
- Lowest Gross Sales Per Capita Attained by This Group: $1.38
- Median Gross Sales Per Capita Attained by This Group: $1.88
- Number in This Group: 24
- Number and Percent in Group that Attained the Average or Greater: 14/58%
4th Quartile
- Average Gross Sales Per Capita Attained by This Group: $0.73
- Highest Gross Sales Per Capita Attained by This Group: $1.31
- Lowest Gross Sales Per Capita Attained by This Group: $0.32
- Median Gross Sales Per Capita Attained by This Group: $0.85
- Number in This Group: 22
- Number and Percent in Group that Attained the Average or Greater: 13/59%
Bottom 10%
- Average Gross Sales Per Capita Attained by This Group: $0.48
- Highest Gross Sales Per Capita Attained by This Group: $0.67
- Lowest Gross Sales Per Capita Attained by This Group: $0.32
- Median Gross Sales Per Capita Attained by This Group: $0.43
- Number in This Group: 9
- Number and Percent in Group that Attained the Average or Greater: 4/44%
100%
- Average Gross Sales Per Capita Attained by This Group: $2.29
- Highest Gross Sales Per Capita Attained by This Group: $9.13
- Lowest Gross Sales Per Capita Attained by This Group: $0.32
- Median Gross Sales Per Capita Attained by This Group: $2.34
- Number in This Group: 94
- Number and Percent in Group that Attained the Average or Greater: 49/52%
- Some outlets have earned this amount. Your individual results may differ. There is no assurance that you will earn as much.
Section VI – Precision Door Service Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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