When are office lease payments due for a Precision Door Service franchise?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
NVESTMENT
YOUR ESTIMATED INITIAL INVESTMENT
| TYPE OF EXPENDITURE | AMOUNT (ACTUAL OR ESTIMATED) (LOW) | AMOUNT (ESTIMATED) (HIGH) | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE | |
|---|---|---|---|---|---|---|
| Initial Franchise Fee2 | $75,000 | $150,000 | Lump Sum | When you sign the franchise agreement | Us | |
| Office lease3 | $1,725 | $5,750 | Installments | Before opening | Landlord | |
| Office build-out | $0 | $4,600 | Lump Sum | As incurred | Landlord, vendors or contractors | |
| Telephone number charges | $0 | $575 | Lump sums | Before opening | Local telephone provider | |
| Software System Enrollment Fee | $1,250 | $1,250 | Lump sum | When you sign the franchise agreement | Us | |
| Deposits & other prepaid expenses4 | $230 | $575 | Lump sums | As incurred | Utilities & other providers | |
| Tools5 | $460 | $1,840 | Lump sums | Before training | Approved vendors | |
| Training & travel, lodging and food expenses6 | $2,300 | $5,175 | Lump sum | Before and during training | Hotel, rental car agency, restaurants, Us | |
| Furniture & fixtures | $1,095 | $4,600 | Lump sums | Before opening | Vendors | |
| Office equipment7 | $1,725 | $4,600 | Lump sums | Before opening | Vendors | |
| Signage8 | $345 | $4,600 | As arranged | Before opening | Sign company | |
| Opening parts & | $17,250 | $28,750 | Lump sums | Before opening | Approved | |
| electronics | vendors | |||||
| TYPE OF EXPENDITURE | AMOUNT (ACTUAL OR ESTIMATED) (LOW) | AMOUNT (ESTIMATED) (HIGH) | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE | |
| inventory9 | ||||||
| Office supplies9 | $345 | $920 | Lump sums | Before opening | Vendors | |
| Vehicle(s) 10 | $1,380 | $2,764 | Installments | As incurred | Vendor | |
| Insurance11 | $5,750 | $23,000 | Lump sum or as arranged | As incurred | Insurance carriers | |
| Uniforms12 | $230 | $345 | Lump sum | Monthly | Vendors | |
| Professional Fees, Licenses & trade association memberships13 | $575 | $5,750 | Lump sums | As incurred | Attorney, Accountant, Licensing Agencies, trade industry affiliations | |
| Website | $2,875 | $11,500 | Lump sum | Before opening | Vendors | |
| Development 14 | ||||||
| Advertising & | $17,250 | $34,500 | As arranged | Prior to and | 3rd parties | |
| Promotional and | during first | |||||
| Local Marketing | three months | |||||
| Spending/ 15 | after opening | |||||
| ADDITIONAL FUNDS for First 3 Months of Operation16 | $34,500 | $69,000 | As incurred | As incurred | Us, landlord & vendors | |
| Totals17 | $164,285 (Does not include real estate costs) | $360,294 | ### Notes: |
Source: Item 7 — Estimated Initial Investment (FDD pages 36–41)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, office lease payments are due before opening the franchise location. The FDD includes an estimated range for office leases between $1,725 and $5,750. This estimate likely covers the first month's rent and a security deposit. The security deposit may equal two months' rent and could be partially or entirely refundable. The lease costs can vary significantly based on the property's size, condition, location, local market conditions, and tax rates. Precision Door Service requires a space of at least 2,000 square feet for its franchise locations.
Prospective franchisees should carefully consider these factors and research local market conditions to estimate their potential office lease costs accurately. It is also important to review the lease terms carefully, including the security deposit requirements and refund policy. Franchisees should also factor in the cost of office build-out, which is estimated to be between $0 and $4,600, payable as incurred to landlords, vendors, or contractors.
In addition to the office lease, Precision Door Service franchisees should also budget for other expenses before opening, such as telephone number charges, software system enrollment fees, deposits for utilities, tools, furniture, office equipment, signage, opening parts and electronics inventory, and office supplies. These costs, along with the office lease, contribute to the total estimated initial investment for a Precision Door Service franchise, which ranges from $164,285 to $360,294, excluding real estate costs.