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What was the total value of software owned by Precision Door Service in 2023?

Precision_Door_Service Franchise · 2025 FDD

Answer from 2025 FDD Document

Tradenames are amortized over their estimated useful life of 20 years, using the straight-line method. Franchise relationships and national accounts relationships are amortized over their estimated useful lives of 15 years, using the straight-line method. Software is amortized over its estimated useful life of 3 years, using the straight-line method.

Source: Item 21 — Financial Statements (FDD page 91)

What This Means (2025 FDD)

Based on the 2025 Franchise Disclosure Document, the information to determine the total value of software owned by Precision Door Service in 2023 is not available. While the FDD discusses intangible assets and their amortization, it does not provide a specific valuation for software assets.

Specifically, the FDD mentions that software is amortized over its estimated useful life of 3 years using the straight-line method. This indicates that Precision Door Service does own software, but the document does not state the acquisition-date fair value or the carrying value of the software as of December 31, 2023. The notes on intangible assets describe how the company values and amortizes different types of intangible assets, including tradenames, franchise relationships, and software, but it does not include the actual values for these assets.

To get this information, a prospective Precision Door Service franchisee should consider asking the franchisor for the specific value of the software assets held by the company as of December 31, 2023. Understanding the value of these assets can provide a clearer picture of the company's financial health and the importance of software in its operations.

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.