Precision Door Service is a garage door repair franchise that provides installation and maintenance services for residential and commercial clients. The franchise offers high-quality garage door products, including openers, springs, and replacement parts.
Key Insights
- Precision Door Service began with a commitment to providing reliable garage door repair and installation services, growing into a recognized name through a focus on customer satisfaction and operational excellence. The franchise operates a comprehensive model encompassing service, sales, and support, establishing a strong presence in its service areas.
- The business functions through a network of franchised locations, each dedicated to offering prompt and professional garage door solutions. Technicians are trained to handle a wide range of repairs and installations, ensuring consistent quality across the franchise system.
- Operating within the home services sector, Precision Door Service addresses a persistent need for garage door maintenance and upgrades. This industry is characterized by recurring service requirements and opportunities for new installations driven by home improvement trends and new construction.
Franchise Fee and Costs to Open
Exploring the financial picture of Precision Door Service gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $164,285 - $360,294, along with a franchise fee of $75,000 - $150,000.
Financial Performance and Revenue
Yearly gross sales of $4,746,462 and estimated earnings of $569,576 - $711,970 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 0.9-2.9 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Precision Door Service provides comprehensive training for new franchisees. Initial training is a multi-day program conducted at their headquarters. This program offers in-depth instruction covering operational procedures and business management. Precision Door Service also provides access to ongoing resources and support to aid in franchise success. Franchisees are equipped with the knowledge and tools to launch and grow their business effectively.
Legal Considerations
Legal considerations for a Precision Door Service franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a Precision Door Service franchise involves navigating local market dynamics where established competitors may exist, requiring a focus on differentiation. Maintaining operational efficiency demands skilled technicians and robust inventory management, impacting service delivery. Furthermore, reliance on specific suppliers for parts and equipment introduces potential disruptions, underscoring the importance of strategic vendor relationships.
Franchise Datasheet
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