How often is an accounting of the MAP Fund prepared for Precision Door Service?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
The Manager determines the use of the monies in the MAP Fund. The Manager is not required to spend any particular amount on marketing, advertising or promotion in the area in which your Business is located. The Manager and the MAP Fund may collaborate with the advertising funds of certain franchise systems affiliated with us. There can be no assurance that the MAP Fund's participation in these collaborations and joint efforts will benefit the franchised businesses using the Marks proportionately or equivalently to the benefits received by the other franchised businesses or the other franchised systems affiliated with us that also participate. The Manager oversees the advertising programs and uses the MAP Fund to create marketing materials and conduct national, regional or local advertising. We will contribute to the MAP Fund amounts equal to your required percentage for each similarly situated company-owned and affiliate-owned Precision Garage Door Service® businesses. From time to time we may contribute to the MAP Fund some amounts paid to us by outside suppliers. The Manager will prepare an annual unaudited accounting of the MAP Fund and will make it available for your review upon your written request.
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 50–63)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, the Manager of the Marketing, Advertising and Promotion (MAP) Fund will prepare an annual unaudited accounting of the MAP Fund. This accounting will be made available for franchisee review upon written request. The Manager for the MAP Fund is Neighborly Company.
This means that Precision Door Service franchisees can request to see how the MAP Fund, which is funded by a percentage of their gross sales, is being used. While the accounting is prepared annually, it is important to note that it is unaudited, meaning it has not been verified by an independent accounting firm. Therefore, franchisees should carefully review the accounting and ask questions if they have any concerns.
It is also important to understand that the Manager has broad discretion over how the MAP Fund is spent, and is not required to spend any particular amount in a franchisee's specific area. The funds may be used for national, regional, or local advertising, and the Manager may collaborate with advertising funds of other franchise systems affiliated with them. While Precision Door Service contributes to the MAP Fund an amount equal to the franchisee's required percentage for company-owned and affiliate-owned businesses, there is no guarantee that the benefits will be proportionate to the contributions of each franchise.