What was the reported cash amount for Precision Door Service in 2023?

According to Precision Door Service's 2025 Franchise Disclosure Document, as of December 31, 2023, the company reported cash of $3,171,000. Additionally, the company held $1,566,000 in restricted cash. This brings the total cash and restricted cash to $4,737,000 for Precision Door Service at the end of 2023.

These figures reflect Precision Door Service's cash position and liquidity at the close of 2023. Cash includes all unrestricted cash available for immediate use. Restricted cash is cash that has limitations placed on its usage, such as funds held for specific purposes or legal requirements. For a franchisee, understanding the levels of both cash and restricted cash gives insight into the financial health and flexibility of the franchisor.

The FDD also provides cash flow information related to lease liabilities. Operating cash flows from operating leases were $7,857,000 and operating cash flows from finance leases were $572,000. Financing cash flows from finance leases totaled $3,455,000, and right-of-use assets obtained in exchange for operating lease liabilities amounted to $2,620,000. These figures provide additional context regarding the company's financial activities related to leasing.

Prospective franchisees should consider these cash and cash flow figures in the context of Precision Door Service's overall financial statements. Analyzing trends in cash balances and understanding the nature of any restrictions on cash can help franchisees assess the financial stability and future prospects of the franchise system.