To whom are office lease payments made for a Precision Door Service franchise?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
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 made to the landlord. The FDD outlines various expenses a franchisee will incur before opening their Precision Door Service franchise. Among these are the costs associated with leasing an office space, which the document estimates will range from $1,725 to $5,750. This amount covers the initial costs, such as one month's rent and a security deposit.
In addition to the base rent and security deposit, a Precision Door Service franchisee may also need to cover expenses for office build-out, which are paid to the landlord, vendors, or contractors. These costs can range from $0 to $4,600. The FDD specifies that the office lease payments are made in installments before the business opens.
Prospective franchisees should carefully consider these costs and factor them into their initial investment calculations. The FDD recommends consulting with business advisors to review these figures and ensure adequate funding is available during the startup phase. Understanding to whom payments are made for each expense is crucial for budgeting and financial planning when starting a Precision Door Service franchise.