What was the amount of distributions paid by Precision Door Service in 2022?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
come | $ 166,470 | 138,944 | | Other comprehensive income/(loss) | | | | Foreign currency translation adjustment | 18,104 | (22,873) | | Comprehensive income | $ 184,574 | 116,071 |
Combined Statements of Changes in Member's Equity ($000's)
| Member's Equity |
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Source: Item 21 — Financial Statements (FDD page 91)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, the distributions paid in 2022 were $(202,999). This figure represents the amount of money Precision Door Service distributed, likely to its owners or shareholders, during that year. It is important to note that this is a negative number, indicating a cash outflow from the company.
For a prospective franchisee, understanding the franchisor's distribution history can provide insights into the financial stability and management practices of Precision Door Service. A consistent pattern of distributions may suggest profitability, but it's crucial to evaluate this in conjunction with other financial metrics.
Franchisees should consider this figure in the context of Precision Door Service's overall financial performance, including revenues, expenses, and net income, to gain a comprehensive understanding of the company's financial health. Additionally, it would be prudent to inquire about the factors influencing distribution decisions and how they might impact future operations.