Is the MAP Fund accounting for Precision Door Service audited?

According to Precision Door Service's 2025 Franchise Disclosure Document, the Manager, Neighborly Company, will prepare an annual accounting of the MAP Fund. However, this accounting is unaudited. This means that while the franchisor will track income and expenses, a third-party auditor will not verify the accuracy of these financial statements. The accounting will be available for franchisee review upon written request.

As a Precision Door Service franchisee, you contribute 2% of your monthly Gross Sales to the MAP Fund, which is used for marketing, advertising, and promotional activities. Because the MAP Fund is not audited, there is a risk that the funds may not be used as effectively or efficiently as possible. While the Manager determines how the MAP Funds are spent, there is no guarantee that the marketing efforts will directly benefit your specific business location.

Prospective franchisees should consider the implications of an unaudited MAP Fund and the control the Manager has over these funds. It would be prudent to request and carefully review the annual MAP Fund accounting to understand how the funds are being utilized. Further, a prospective franchisee might want to discuss with existing franchisees their perceptions of the effectiveness and transparency of the MAP Fund.