How many Precision Door Service franchise transfers occurred in Washington during 2023?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |
|---|---|---|---|
| Washington | 2022 2023 2024 | 0 2 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 were 2 franchise transfers in Washington during 2023. This information is based on the table provided in Item 20, which details outlet and franchisee information. The table specifically lists the number of transfers for various states over the years 2022, 2023, and 2024.
For a prospective franchisee, this indicates the level of franchise resales or changes in ownership within the Precision Door Service system in Washington. A higher number of transfers might suggest a more active market for existing franchises, while a lower number could indicate stability in franchise ownership. It is important to note that transfers do not necessarily reflect the success or failure of a franchise, but rather a change in ownership for various possible reasons.
Understanding the reasons behind franchise transfers can be valuable for potential franchisees. It would be prudent to investigate why these transfers occurred. Talking to current and former franchisees in Washington could provide additional context and insights into the franchise operations and market conditions in that specific state. This information, combined with the data from the FDD, can help in making a more informed decision about investing in a Precision Door Service franchise.