What was the total amount of distributions for Precision Door Service in 2022?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
6,395 | (33,946) | | Comprehensive loss | $ (432,681) $ | (69,692) |
Consolidated Statements of Changes in Stockholder's Equity ($000's, except share amounts)
| Shares | Amount | Capital | Deficit | Income | Total | |
|---|---|---|---|---|---|---|
| (Loss) | ||||||
| Balance – | 100 | $ - | $ 2,576,318 | (14,841) $ | (6,222) $ | 2,555,255 |
| December 31, 2021 | ||||||
| Distribution to parent | - | - | (431,965) | - | - | (431,965) |
| Equity contribution |
Source: Item 21 — Financial Statements (FDD page 91)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, the distribution to the parent company in 2022 was $431,965. This figure reflects the amount of money Precision Door Service distributed to its parent entity during that fiscal year.
For a prospective franchisee, understanding these distributions is crucial as it provides insight into the financial relationship between Precision Door Service and its parent company. Large distributions could indicate a strong financial performance, but it's important to assess whether these distributions impact the resources available for supporting franchisees.
It is also important to note that these distributions are made after accounting for various expenses and obligations, including debt service on senior notes. This suggests that Precision Door Service prioritizes meeting its financial obligations before distributing profits to its parent company. Franchisees should consider this information in the context of the overall financial health and stability of the Precision Door Service franchise system.