For a Precision Door Service franchise, who must devote full-time attention to the business?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
You, or your Principal Owner(s) (as identified on the Data Sheet) if you are a business entity, must devote full-time attention to your Business, which at all times must be under your, or your Principal Owner(s)'s direct and active supervision and management.
If you are a business entity, (i) all your owners must sign a Confidentiality Agreement; (ii) you must designate one or more Principal Owners; and (iii) all persons and entities that, as of the date of this Agreement hold, or during the term of this Agreement become holders of, 5% or more of your ownership interests must personally guarantee your performance hereunder to us by executing the personal guarantee attached hereto as Schedule C.
Source: Item 22 — Contracts (FDD pages 91–92)
What This Means (2025 FDD)
According to the 2025 Precision Door Service Franchise Disclosure Document, either the franchisee or the Principal Owner(s) of the business must devote their full-time attention to the Precision Door Service business. The business must be under the direct and active supervision and management of the franchisee or the Principal Owner(s) at all times.
For franchisees who are business entities, the FDD states that all owners must sign a Confidentiality Agreement. Additionally, the business entity must designate one or more Principal Owners. All individuals or entities holding 5% or more of the ownership interests must personally guarantee the franchisee's performance by executing a personal guarantee.
These requirements ensure that Precision Door Service franchises are actively managed and supervised by individuals with a vested interest in the business's success. This hands-on approach helps maintain the quality and consistency of services provided under the Precision Door Service brand. Franchisees should carefully consider these obligations and ensure they have the capacity to meet these requirements before investing in a franchise.