What was the balance as of December 31, 2021, for Precision Door Service?

According to Precision Door Service's 2025 Franchise Disclosure Document, the balance as of December 31, 2021, was $1,739,192. This figure represents the company's financial standing at the close of that year. Additionally, there was an adjustment to goodwill for unrealized gain/loss on foreign currency, amounting to a deduction of $10,608.

For a prospective franchisee, this balance provides a snapshot of Precision Door Service's financial health as of that date. It's important to consider this figure in conjunction with other financial data provided in the FDD, such as revenues, expenses, and liabilities, to gain a comprehensive understanding of the company's financial performance and stability.

The adjustment to goodwill due to foreign currency fluctuations highlights the potential impact of international operations or currency exchange rates on the company's financials. While the $1,739,192 balance provides a specific data point, franchisees should analyze trends over multiple years to assess the overall financial trajectory of Precision Door Service. Reviewing subsequent years' balances and adjustments, as presented in the FDD, will offer a more complete picture of the company's financial management and performance.