What was the total amount of revenue Precision Door Service received from Canada in 2023?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| For the years ended December 31, | 2023 | (Restated) 2022 |
|---|---|---|
| Other comprehensive income/(loss) | ||
| Foreign currency translation adjustment | 18,104 | (22,873) |
| Comprehensive income | $ 184,574 | 116,071 |
Source: Item 21 — Financial Statements (FDD page 91)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, the financial statements include a line item for 'Foreign currency translation adjustment.' For the year ending December 31, 2023, this adjustment was $18,104. This adjustment reflects the impact of currency fluctuations on Precision Door Service's financial results, which could be related to revenue received from Canada.
However, the FDD does not explicitly state the total revenue Precision Door Service received specifically from its Canadian operations in 2023. The 'Foreign currency translation adjustment' of $18,104 indicates some financial activity involving foreign currency, but it doesn't isolate the total Canadian revenue figure.
To determine the exact revenue earned from Canadian operations, a prospective franchisee should directly ask Precision Door Service for a detailed breakdown of their international revenue streams. This information is crucial for understanding the performance and potential of the Precision Door Service brand in international markets.