What was the net change in the number of franchised Precision Door Service outlets during 2023?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Start of the Year | End of the Year | Net Change |
|---|---|---|---|---|
| 2022 | 108 | 111 | +3 | |
| Franchised | 2023 | 111 | 118 | +7 |
| Outlets | ||||
| 2024 | 118 | 132 | +14 | |
| Company | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| Owned | 2024 | 0 | 0 | 0 |
| 2022 | 108 | 111 | +3 | |
| Total Outlets | 2023 | 111 | 118 | +7 |
| 2024 | 118 | 132 | +14 |
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, the net change in the number of franchised outlets during 2023 was an increase of 7. Specifically, the number of franchised Precision Door Service outlets started at 111 at the beginning of 2023 and ended the year at 118. This indicates that Precision Door Service experienced growth in its franchise network during that year.
For a prospective franchisee, this information suggests that the Precision Door Service system is expanding. A growing franchise network can offer benefits such as increased brand recognition and potentially stronger support systems as the franchise matures. However, it is important for a potential franchisee to investigate the reasons behind the growth and ensure that it is sustainable and well-managed.
It is also worth noting that the total number of outlets, including both franchised and company-owned, also increased by 7 in 2023, matching the growth in franchised locations. This indicates that all of the growth in the Precision Door Service system during 2023 came from franchised locations, as the number of company-owned outlets remained at zero.