How many Precision Door Service franchise transfers occurred in Oklahoma during 2023?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |
|---|---|---|---|
| Oklahoma | 2022 2023 2024 | 1 1 0 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 83–91)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, there was one franchise transfer in Oklahoma during 2023. The table provided in Item 20 of the FDD outlines the number of franchise transfers by state and year.
Franchise transfers occur when an existing franchisee sells their franchise to a new owner. This can happen for various reasons, such as the franchisee retiring, pursuing other business ventures, or facing financial difficulties. The number of transfers can be an indicator of the health and stability of the franchise system. A high number of transfers might suggest that franchisees are struggling or dissatisfied, while a low number could indicate a stable and successful system.
For a prospective Precision Door Service franchisee, understanding the transfer history in their desired state can provide valuable insights. It's important to investigate the reasons behind any transfers and to assess the overall performance and satisfaction of existing franchisees. This information can help in making an informed decision about investing in a Precision Door Service franchise.