How many Precision Door Service franchise transfers occurred in Ohio during 2023?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |
|---|---|---|---|
| Ohio | 2022 2023 2024 | 0 2 1 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 83–91)
What This Means (2025 FDD)
According to the 2025 FDD, Precision Door Service had 2 franchise transfers occur in Ohio during 2023. Franchise transfers occur when an existing franchisee sells their franchise to a new owner, subject to the franchisor's approval.
The number of transfers can be an indicator of franchisee satisfaction or market conditions. A higher number of transfers might suggest that franchisees are finding it difficult to operate the business successfully or that there is high demand for existing franchises. Conversely, a low number could indicate stability and satisfaction among franchisees.
Prospective franchisees should investigate the reasons behind franchise transfers to understand the potential challenges and opportunities associated with owning a Precision Door Service franchise in a specific area. This information, combined with other due diligence, can help in making an informed investment decision.