What is the License Fee for a Precision Door Service franchise?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
License Fees.
From and after the Effective Date, you must pay to us, in the manner specified in Section 8.D, a monthly fee (the "License Fee") in the amount set forth on the Data Sheet.
- C.
MAP Fees.
We reserve the right to charge you a MAP Fund fee, in an amount equal to the applicable percentage of Gross Sales set forth in the Data Sheet (the "MAP Fee"), and when we implement the MAP Fee, you must pay the MAP Fee to us each month as specified in Section 8.D.
- D.
Manner of Payment; Electronic Transfer of Funds.
All payments of the License Fees and MAP Fees are due to us by the 5th of each month for the month just ended.
Source: Item 22 — Contracts (FDD pages 91–92)
What This Means (2025 FDD)
According to the 2025 Precision Door Service Franchise Disclosure Document, franchisees must pay a monthly license fee. The amount of this license fee is detailed in the Data Sheet, which is attached as Schedule A to the Franchise Agreement. The license fee is paid monthly, as specified in Section 8.D of the agreement.
In addition to the license fee, Precision Door Service franchisees may also be required to pay a MAP (Marketing, Advertising, and Promotion) Fund fee. This fee, if implemented, is a percentage of gross sales, as outlined in the Data Sheet. Payments for both the license fee and the MAP fee are due by the 5th of each month for the preceding month.
Prospective franchisees should carefully review the Data Sheet (Schedule A) to understand the specific amounts of the initial franchise fee, ongoing license fees, and potential MAP fees applicable to their franchise. Understanding these fees is crucial for assessing the financial viability of a Precision Door Service franchise.