How can a franchisee review the annual accounting of the MAP Fund for Precision Door Service?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
The Manager will prepare an annual unaudited accounting of the MAP Fund and will make it available for your review upon your written request.
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 50–63)
What This Means (2025 FDD)
According to the 2025 FDD, Precision Door Service franchisees can review the annual accounting of the Marketing, Advertising and Promotion (MAP) Fund. The Manager, identified as Neighborly Company, will prepare an annual unaudited accounting of the MAP Fund. This accounting will be made available to franchisees for their review, but only upon a written request submitted by the franchisee.
This process allows franchisees to stay informed about how the MAP Fund, which is funded by a percentage of their gross sales, is being utilized for marketing and advertising efforts. However, it's important to note that the accounting is unaudited, meaning it has not been verified by an independent accounting firm.
While the FDD specifies that the Manager will prepare the accounting, it does not detail the specific information that will be included in the accounting or the format in which it will be presented. Prospective franchisees should inquire with Precision Door Service about the typical contents of the MAP Fund accounting to fully understand the scope and detail of the information they will receive.