How many Precision Door Service franchise transfers occurred in Texas during 2024?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| 2022 | 1 | |
| Kentucky | 2023 | 0 |
| 2024 | 0 | |
| 2022 | 0 | |
| Minnesota | 2023 | 0 |
| 2024 | 1 | |
| 2022 | 0 | |
| New Jersey | 2023 | 0 |
| 2024 | 1 | |
| 2022 | 0 | |
| New York | 2023 | 0 |
| 2024 | 2 | |
| 2022 | 0 | |
| North Carolina | 2023 | 3 |
| 2024 | 2 | |
| 2022 | 0 | |
| Ohio | 2023 | 2 |
| 2024 | 1 | |
| 2022 | 1 | |
| Oklahoma | 2023 | 1 |
| 2024 | 0 | |
| 2022 | 1 | |
| Rhode Island | 2023 | 0 |
| 2024 | 0 | |
| 2022 | 0 | |
| South Carolina | 2023 | 3 |
| 2024 | 0 | |
| 2022 | 1 | |
| Texas | 2023 | 0 |
| 2024 | 2 | |
| 2022 | 0 | |
| Utah | 2023 | 1 |
| 2024 | 0 | |
| 2022 | 0 | |
| Virginia | 2023 | 1 |
| 2024 | 2 | |
| 2022 | 0 | |
| Washington | 2023 | 2 |
| 2024 | 0 | |
| 2022 | 8 | |
| TOTAL | 2023 | 17 |
| 2024 | 19 |
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 were 2 franchise transfers in Texas during 2024. This information is based on the provided table that outlines the number of franchise transfers by state and year. Franchise transfers occur when an existing franchisee sells their franchise to a new owner, subject to the franchisor's approval.
For a prospective Precision Door Service franchisee, understanding the frequency of franchise transfers can provide insights into the stability and desirability of owning a franchise in a particular area. A higher number of transfers might indicate a more active market for franchise resales, but it could also signal potential challenges or dissatisfaction among current franchisees. Conversely, a low number of transfers could suggest stability and satisfaction, or it could mean there's limited opportunity to acquire an existing franchise.
It's important to note that franchise transfers are a normal part of the franchise lifecycle, as franchisees may decide to sell for various personal or business reasons. However, prospective franchisees should investigate the reasons behind any transfers in their target market to assess whether there are underlying issues affecting the franchise's performance or profitability. Reviewing transfer rates in specific states like Texas can help potential franchisees gauge the local market dynamics and make informed decisions about their investment.