What is the estimated high-end cost for insurance for a new Precision Door Service franchise?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
NVESTMENT
YOUR ESTIMATED INITIAL INVESTMENT
| TYPE OF EXPENDITURE | AMOUNT (ACTUAL OR ESTIMATED) (LOW) | AMOUNT (ESTIMATED) (HIGH) | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE |
|---|---|---|---|---|---|
| Initial Franchise Fee2 | $75,000 | $150,000 | Lump Sum | When you sign |
Source: Item 7 — Estimated Initial Investment (FDD pages 36–41)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, the estimated high-end cost for insurance is $23,000. This figure is part of the total estimated initial investment required to start a Precision Door Service franchise. The cost covers the types and amounts of insurance Precision Door Service requires, as detailed in Item 8 of the FDD and the Operations Manual.
The actual cost of insurance can vary significantly. The FDD notes that policy limits, deductibles, the types of policies secured, geographic location, and other related factors will all influence the premium amount. The listed figure anticipates a monthly premium, though franchisees may be able to negotiate the payment method with their insurance agent.
Prospective franchisees should carefully consider these factors and obtain detailed insurance quotes relevant to their specific location and operational needs. Understanding the specific insurance requirements outlined in Item 8 and the Operations Manual is crucial for budgeting and ensuring compliance with Precision Door Service's standards. This will help avoid unexpected costs and ensure adequate coverage for the business.