Precision Door Service Franchise Prices, Charges, Revenues, Income (2023 Evaluation)

On this unique Franchise Chatter FDD Speak put up, you’ll study the next:

Part I – Estimated preliminary funding (franchise prices) for a Precision Door Service franchise, based mostly on Merchandise 7 of the corporate’s 2022 FDD

Part II – Preliminary franchise price, royalty price, and advertising and marketing price for a Precision Door Service franchise, based mostly on Objects 5 and 6 of the corporate’s 2022 FDD

Part III – Variety of franchised and company-owned Precision Door Service retailers at first of the 12 months and the tip of the 12 months for 2019, 2020, and 2021, based mostly on Merchandise 20 of the corporate’s 2022 FDD

Part IV – Information updates on the Precision Door Service franchise alternative

Part V – Presentation and evaluation of Precision Door Service’s monetary efficiency representations (common revenues and/or income), based mostly on Merchandise 19 of the corporate’s 2022 FDD, together with info on the:

• 2021 common, median, highest, and lowest product sales for the 101 franchised Precision Door Service companies that had been in operation and reporting gross sales for the complete 52 weeks of the 2021 calendar 12 months

• 2021 common, median, highest, and lowest promoting prices, price of products bought, and labor prices for the 83 franchised Precision Door Service companies that had been in operation and reporting gross sales for the complete 52 weeks of the 2021 calendar 12 months and supplied monetary statements to Precision Door Service for the reporting interval

Part VI – Key ratios, comparables, computations, and analyses for the Precision Door Service franchise alternative (unique content material for Platinum subscribers)

Part I – Precision Door Service Franchise Prices

• Precision Door Service franchise prices, based mostly on Merchandise 7 of the corporate’s 2022 FDD:

• Preliminary Franchise Price:  $33,000 to $330,000
• Workplace Lease:  $1,000 to $3,000
• Workplace Construct-Out:  $0 to $4,000
• Phone Quantity Expenses:  $0 to $500
• Yellow Pages Promoting:  $1,000 to $7,500
• Software program System Enrollment Price:  $1,250
• Deposits and Different Pay as you go Bills:  $200 to $500
• Instruments:  $400 to $1,600
• Coaching and Journey, Lodging, and Meals Bills:  $2,000 to $4,500
• Furnishings and Fixtures:  $1,000 to $4,000
• Workplace Gear:  $1,500 to $4,000
• Signage:  $300 to $4,000
• Opening Components and Electronics Stock:  $15,000 to $25,000
• Workplace Provides:  $300 to $800
• Truck(s):  $1,200 to $2,400
• Insurance coverage:  $5,000 to $42,000
• Uniforms:  $200 to $300
• Skilled Charges, Licenses, and Commerce Affiliation Memberships:  $500 to $5,000
• Web site Growth:  $2,500 to $10,000
• Promoting and Promotional, and Native Advertising Spending:  $15,000 to $50,000
• Further Funds for First 3 Months of Operation:  $30,000 to $90,000
• Whole Estimated Precision Door Service Franchise Prices (doesn’t embody actual property prices):  $111,350 to $590,350

Part II – Precision Door Service’s Preliminary Franchise Price, Royalty Price, and Advertising Price

• Precision Door Service’s preliminary franchise price, royalty price, and advertising and marketing price, based mostly on Objects 5 and 6 of the corporate’s 2022 FDD:

• Preliminary Franchise Price:  $0.33 per single household residence one unit indifferent (“SFHUD”) included in your territory; a typical territory will embody between 100,000 and 1,000,000 SFHUDs, making the standard preliminary franchise price $33,000 (“Minimal Preliminary Franchise Price”) to $330,000
• License Price:  2% to six% of Gross Gross sales (relying on the earlier calendar 12 months’s product sales); as well as, minimal license charges apply
• Advertising, Promoting, and Promotions (MAP) Price:  2% of Gross Gross sales
• Minimal Native Advertising Spending:  the higher of: (a) $20,000; or (b) 5% of your Gross Gross sales for the earlier 12 months

Part III – Variety of Franchised and Firm-Owned Precision Door Service Retailers

Franchised

2019

• Retailers on the Begin of the 12 months:  92
• Retailers on the Finish of the 12 months:  98
• Internet Change:  +6

2020

• Retailers on the Begin of the 12 months:  98
• Retailers on the Finish of the 12 months:  102
• Internet Change:  +6

2021

• Retailers on the Begin of the 12 months:  102
• Retailers on the Finish of the 12 months:  108
• Internet Change:  +6

Firm-Owned

2019

• Retailers on the Begin of the 12 months:  1
• Retailers on the Finish of the 12 months:  0
• Internet Change:  -1

2020

• Retailers on the Begin of the 12 months:  0
• Retailers on the Finish of the 12 months:  0
• Internet Change:  0

2021

• Retailers on the Begin of the 12 months:  0
• Retailers on the Finish of the 12 months:  0
• Internet Change:  0

Part IV – Information Updates on the Precision Door Service Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the Precision Door Service Franchise (Merchandise 19, 2022 FDD)

• The gross sales figures listed beneath embody (a) common and median Gross Gross sales and (b) common and median price of products, price of labor, and value of promoting, every as a share of Gross Gross sales (collectively “Price Knowledge”), which figures are all derived from historic working outcomes of the Precision Door Service franchised companies indicated for the time interval lined.

• Precision Door Service obtained these gross sales figures from info supplied to it by its franchisees for the interval from January 1, 2021 by way of December 31, 2021 (the “Reporting Interval”). Neither Precision Door Service nor its unbiased licensed public accountants have audited or verified any of the gross sales figures reported to it. Franchisees aren’t required to make use of usually accepted accounting rules when reporting these figures.

• As of December 31, 2021, there have been 108 Precision Door Service companies in operation in the USA, all of which had been franchised companies. The typical and median Gross Gross sales figures are calculated based mostly on knowledge from 101 companies, which had been all in operation and reporting gross sales for the complete 52 weeks of the Reporting Interval, and the Price Knowledge had been calculated based mostly on knowledge from 83 franchised companies, all of which had been open for all 52 weeks through the Reporting Interval.

• The data supplied on this Merchandise 19 doesn’t embody knowledge from 7 franchised companies that opened through the 12 months 2021 and subsequently weren’t in operation for all the 52-week Reporting Interval. The Price Knowledge additionally exclude knowledge from 18 franchised companies that failed to offer monetary statements to Precision Door Service for the Reporting Interval and subsequently didn’t report Price Knowledge to Precision Door Service for the Reporting Interval.

• This Merchandise 19 additionally excludes knowledge from one franchised enterprise that closed through the Reporting Interval. No enterprise closed after being open for lower than 12 months.

• “Gross Gross sales” means the whole revenues and receipts from no matter supply (whether or not within the type of money, credit score, settlement to pay, barter, commerce, or different consideration) that come up, instantly or not directly, from the operation of a franchised enterprise, or in reference to a franchised enterprise whether or not underneath any of the Marks or in any other case.

• Gross Gross sales exclude gross sales taxes collected from prospects and paid to the suitable taxing authority and another bona fide refunds, rebates, or reductions that Precision Door Service authorizes in writing. Gross Gross sales additionally exclude gross sales from any Excluded Companies.

• “Price of Items Offered” means the price of merchandise (e.g., doorways, operators, and is derived) and elements (e.g., hinges, drums, end-plates, bearings, rollers, cables, and electronics).

2021 Reporting Interval Gross Gross sales Knowledge

• Variety of Reporting Companies:  101

• Median Gross Gross sales:  $3,085,178.37
• Common Gross Gross sales:  $3,925,854.42
• Lowest Gross Gross sales:  $169,164.92
• Highest Gross Gross sales:  $30,529,590.25
• Of the 101 reporting companies, 31 (30%) companies achieved or exceeded the typical Gross Gross sales for the Reporting Interval.

2021 Reporting Interval Price Knowledge

• Variety of Reporting Companies:  83

Promoting Prices

• Median Promoting Prices:  12.46% of product sales
• Common Promoting Prices:  13.37% of product sales
• 34 (or 40.96%) of reporting companies achieved or exceeded the typical.

Price of Items Offered

• Median Price of Items Offered:  28.88% of product sales
• Common Price of Items Offered:  29.84% of product sales
• 36 (or 43.37%) of the reporting companies achieved or exceeded the typical.

Labor Prices

• Median Labor Prices:  17.26% of product sales
• Common Labor Prices:  16.58% of product sales
• 45 (or 54.22%) of the reporting companies achieved or exceeded the typical.

• No changes, together with changes for geographic location, have been made to those reported gross sales and value knowledge.

• There are not any materials variations or traits between the retailers used on this monetary efficiency illustration and a brand new franchised outlet.

• Some retailers have earned this quantity. Your particular person outcomes might differ. There is no such thing as a assurance that you’ll earn as a lot.

Part VI – Precision Door Service Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️