What was the net change in the number of total Precision Door Service outlets during 2022?
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 total outlets in 2022 was an increase of 3. This is calculated from the start of the year, when there were 108 total outlets, to the end of the year, when there were 111 total outlets. This indicates a modest expansion of the franchise system during that year.
For a prospective franchisee, this information provides insight into the growth trajectory of Precision Door Service. A positive net change suggests that the franchise is expanding, which could be a positive indicator of the brand's health and attractiveness to new franchisees. However, it's important to consider this number in the context of previous and subsequent years to understand the overall trend.
It is also important to note that this net change reflects the total number of outlets, encompassing both franchised and company-owned locations. In Precision Door Service's case, all outlets appear to be franchised, as the number of company-owned outlets remained at zero throughout the reported period. A prospective franchisee should investigate the reasons behind the net change, such as new franchise openings, closures, or transfers, to gain a comprehensive understanding of the franchise system's dynamics.