What is the procedure for financing the initial franchise fee for a Precision Door Service franchise?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon signing of this Agreement, you must pay to us an initial franchise fee as set forth in the Data Sheet (the "Initial Franchise Fee"), which is earned upon receipt and is non-refundable.
Any financing of the Initial Franchise Fee is only available if we offer you financing under the terms of the Promissory Note and Security Agreement included as Schedule G.
Source: Item 22 — Contracts (FDD pages 91–92)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Precision Door Service requires payment of the initial franchise fee upon signing the Franchise Agreement. This fee is outlined in the Data Sheet and is considered earned upon receipt, making it non-refundable.
Financing for the initial franchise fee is available only if Precision Door Service offers it to the franchisee. The terms of such financing would be detailed in the Promissory Note and Security Agreement, included as Schedule G to the Franchise Agreement.
Prospective franchisees should carefully review Schedule G and discuss financing options with Precision Door Service to understand the terms, conditions, and eligibility requirements for financing the initial franchise fee. Understanding these details is crucial for managing the initial investment required to start a Precision Door Service franchise.