When is the initial franchise fee due to Precision Door Service?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
footnote, payments to us are non-refundable.
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- As described in Item 5, the initial franchise fee is $0.50 for each single family home one unit detached ("SFHUD") in your territory. A typical territory will include between 150,000 and 300,000 SFHUDs, making the typical initial franchise fee $75,000 to $150,000. You may qualify for a discount on the initial franchise fee. You must pay the initial franchise fee in full when you
sign the franchise agreement. We may agree to finance a portion of the initial franchise fee, depending on your credit-worthiness, the collateral that you have available and our then-current financing policies. Monthly payments depend on the amount financed. See Item 5 for more information on the initial franchise fee (including applicable discounts), see Item 10 for more information about financing and
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 initial franchise fee is due in full when you sign the franchise agreement. The initial franchise fee ranges from $75,000 to $150,000, depending on the territory size, which typically includes between 150,000 and 300,000 single-family homes. The fee is calculated at a rate of $0.50 for each single-family home in the territory.
Precision Door Service may offer financing for a portion of the initial franchise fee, depending on your creditworthiness, available collateral, and the company's current financing policies. The monthly payments will vary based on the amount financed. Item 5 of the FDD provides more details on the initial franchise fee and potential discounts, while Item 10 covers financing options, and Item 12 discusses territory specifics.
For PE Owners entering into a Development Agreement, the initial franchise fee for each franchise developed is the standard fee of $0.50 per SFHUD, subject to any applicable discounts. This fee is due upon the execution of each Franchise Agreement, with the first Franchise Agreement being executed simultaneously with the Development Agreement. Understanding these payment terms and potential financing options is crucial for prospective franchisees to manage their initial investment effectively.