table_specific

In which state did Precision Door Service have the most franchise transfers in 2023?

Precision_Door_Service Franchise · 2025 FDD

Answer from 2025 FDD Document

State Year Number of Transfers
2022 1
Kentucky 2023 0
2024 0
2022 0
Minnesota 2023 0
2024 1
2022 0
New Jersey 2023 0
2024 1
2022 0
New York 2023 0
2024 2
2022 0
North Carolina 2023 3
2024 2
2022 0
Ohio 2023 2
2024 1
2022 1
Oklahoma 2023 1
2024 0
2022 1
Rhode Island 2023 0
2024 0
2022 0
South Carolina 2023 3
2024 0
2022 1
Texas 2023 0
2024 2
2022 0
Utah 2023 1
2024 0
2022 0
Virginia 2023 1
2024 2
2022 0
Washington 2023 2
2024 0
2022 8
TOTAL 2023 17
2024 19

Source: Item 20 — Outlets and Franchisee Information (FDD pages 83–91)

What This Means (2025 FDD)

According to Precision Door Service's 2025 Franchise Disclosure Document, North Carolina and South Carolina both had the highest number of franchise transfers in 2023. Each state recorded three franchise transfers during that year. Franchise transfers occur when an existing franchisee sells their franchise to a new owner, which can be due to various reasons such as retirement, relocation, or a change in business interests.

For a prospective Precision Door Service franchisee, understanding the number of franchise transfers can provide insights into the stability and desirability of the franchise within a specific region. A high number of transfers might indicate challenges or opportunities within those markets. It is important to note that while North Carolina and South Carolina had the most transfers in 2023, the total number of transfers across all states was 17.

It's also worth noting that the total number of transfers increased from 17 in 2023 to 19 in 2024. Prospective franchisees should investigate the reasons behind franchise transfers in specific states to better assess the potential risks and opportunities associated with investing in a Precision Door Service franchise in those areas. This information, combined with other due diligence, can help in making an informed decision.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.