table_specific

What was the net change in the number of total Precision Door Service outlets during 2022?

Precision_Door_Service Franchise · 2025 FDD

Answer 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.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.