How many Precision Door Service franchise transfers occurred in Virginia 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 Virginia during 2024. The provided table outlines the number of franchise transfers that occurred in various states over the past three years. This information is useful for potential franchisees to understand the stability and turnover of franchises within specific regions.
Franchise transfers can occur for various reasons, such as a franchisee selling their business to a new owner, or the franchisor reacquiring the franchise. A higher number of transfers might indicate instability or market challenges, while a lower number could suggest a stable and well-performing franchise system. However, it is important to consider the context and reasons behind the transfers to accurately assess their impact.
For a prospective Precision Door Service franchisee, understanding the transfer history in their desired state can provide valuable insights. It's advisable to further investigate the reasons behind these transfers by speaking with current and former franchisees, as well as the franchisor, to gain a comprehensive understanding of the franchise's performance and potential challenges in Virginia.