Precision Door Service

At a Glance

Products & Services: Garage door repairs & installation

Number of Locations: 69

Total Investment: $60.5K - $332.3K

Founded: 1997

Began Franchising: 1999

About Precision Door Service

Based in Titusville, Florida, Precision Door Service was founded in 1997 and began franchising in 1999. Franchisees repair both residential and commercial garage doors, and also sell and install new garage doors, offering same-day service, evening and weekend appointments, and 24-hour emergency services.

Franchise Units

Year U.S. Canadian International Company Owned
2012 69 0 0 0
2011 70 0 0 0
2010 70 0 0 2
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $60,535 - $332,274
Franchise Fee: $10,000 - $100,000
Ongoing Royalty Fee: $500+/wk.
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $60,000
Operations
Franchise can be run from home. 27% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3 - 6. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: As needed.
Ongoing Support: Newsletter, Meetings, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks,

Franchise Ranking History

Franchise 500®: #458 (2013), #443 (2012), #465 (2011),

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