In which state did Precision Door Service have the most franchise transfers in 2023?
Precision_Door_Service Franchise · 2025 FDDAnswer 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.