table_specific

What constitutes an 'outlet' for Precision Door Service as defined in the footnote to Table No. 1?

Precision_Door_Service Franchise · 2025 FDD

Answer from 2025 FDD Document

1 Included in "outlets" are all Businesses that have opened an operating location. Neither sale of a new territory to an existing franchisee where a separate operating location will not be opened nor execution of a franchise agreement for a new location where the location is not yet open are included.

Source: Item 20 — Outlets and Franchisee Information (FDD pages 83–91)

What This Means (2025 FDD)

According to Precision Door Service's 2025 Franchise Disclosure Document, an 'outlet' in Table No. 1 refers to a business that has opened an operating location. This definition is important for prospective franchisees as it clarifies what Precision Door Service considers an active, operating franchise unit for the purposes of their system-wide summaries.

Specifically, the footnote indicates that the sale of a new territory to an existing franchisee does not count as a new outlet if a separate operating location is not opened. Similarly, the execution of a franchise agreement for a new location is not counted as an outlet until that location is actually open and operating. This distinction is crucial because Table No. 1 summarizes the systemwide outlet count, and this definition ensures that only operational businesses are included in that count.

For a potential Precision Door Service franchisee, this means that the numbers presented in Table No. 1 accurately reflect the number of functioning outlets, which can be a useful metric when evaluating the franchise's growth and stability. It also implies that simply signing an agreement or acquiring a new territory does not immediately translate to an increase in the number of operational outlets, which is a key factor in assessing the overall health and expansion of the Precision Door Service franchise system.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.