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- 2022 Franchise 500 Rank
#323 Ranked #476 last year
- Initial investment
$111K - $590K
- Units as of 2022
110 14.6% over 3 years
Here’s what you need to know if you’re interested in opening a Precision Door Service franchise.
Precision Door Service is a garage door repair franchise that has served countless homes and businesses in America since 1997. With nearly 100 locations, the brand has become a well-respected one for customers searching for premium-quality garage door installation and maintenance.
In line with its vigorous expansion program through franchising, Precision Door Service now operates a garage door certification facility in its Titusville, Florida headquarters. Headquarters is where all franchisees and technicians will train, with a particular focus on the latest trends and technologies in the industry.
Why You May Want to Start a Precision Door Service Franchise
As a franchisee, you may enjoy specific benefits from the brand, starting with its innovative door repair training and certification program. Additionally, the company has existing relationships with top vendors, increasing your purchasing power when procuring supplies for your fleet or location signage.
With the company's award-winning graphic design team, franchisees have an advantage over competitors in meeting local advertising needs by being a consistent and prominent advertisement for door services.
The Industrial Development Association (IDS) has classified installations, repairs, and replacements of access systems, including garage doors, as essential services. Additionally, being a national franchise system gives franchisees a wide selection of exclusive markets to choose from. Franchisees may prefer a central urban area or a smaller secondary market. As soon as you have selected and paid for a market, Precision Door Service protects it from other franchisees.
What Might Make a Precision Door Service Franchise a Good Choice?
The Precision Door Service franchise is no stranger to industry awards and recognition, consistently making it on Entrepreneur’s Franchise 500 based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. To be considered as a franchisee, you must meet the company's set investment requirements for net worth and liquid cash availability. Your investment may come with inclusions, such as round-the-clock customer service, national vendor and supplier partners, a professional and optimized website, an intranet system, fleet purchasing programs, corporate and office management training, technical training, advisory council privileges, nationwide branding, extensive advertising, marketing, and operations support.
As you explore your franchise options with Precision Door Service, it would be wise to consult a financial planner and attorney as you gather the necessary items required to franchise.
How Do You Open a Precision Door Service Franchise?
As you make your decision regarding whether to franchise with Precision Door Service, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
You may be invited to the Precision Door Service headquarters as you progress through the franchising process so you can meet the team. Here, you will have the opportunity to ask questions, learn more about the company, and speak with fellow franchisees. If you do sign on as a franchisee, you will complete your Precision Door Service training at their garage door certification facility in Titusville, as well.
The Precision Door Service team will assist you throughout the franchising process, including market and site selection, all the way to opening day.
About Precision Door Service
- Franchising Since
- 1999 (23 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
- # of Units
- 110 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Precision Door Service franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $33,000 - $330,000
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $111,350 - $590,350
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 15% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Precision Door Service has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 8-40 hours
- Classroom Training
- 87 hours
- Additional Training
- Additional training
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in franchise ownership like Precision Door Service? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Precision Door Service landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where Precision Door Service ranked on other franchise lists? Find out below.
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