To whom do I make the initial franchise fee payment for a Precision Door Service franchise?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 the franchise agreement | Us |
Source: Item 7 — Estimated Initial Investment (FDD pages 36–41)
What This Means (2025 FDD)
According to the 2025 Precision Door Service Franchise Disclosure Document, the initial franchise fee is paid to 'Us,' meaning Precision Door Service, when you sign the franchise agreement. The initial franchise fee ranges from $75,000 to $150,000, depending on the number of single-family homes in the territory.
Specifically, the initial franchise fee is calculated at $0.50 for each single-family home one unit detached (SFHUD) in your territory. A typical territory includes between 150,000 and 300,000 SFHUDs. The fee is due in a lump sum when you sign the franchise agreement.
Precision Door Service may offer financing for a portion of the initial franchise fee, depending on your creditworthiness, available collateral, and their current financing policies. Item 10 of the FDD provides more information about financing, and Item 5 details potential discounts on the initial franchise fee. Item 12 contains details regarding territory specifics.