4/10

Franchimp Summary Rating

1 /10
Higher than 95% of peers

Franchise Summary

Description
The franchise offered is for the operation of a garage door repair and service business under the name Precision Door Service within a designated territory.
Company Background
PRECISION HOLDINGS OF BREVARD is the franchisor of Precision Door Service(R), a garage door repair and service business. PRECISION HOLDINGS OF BREVARD provides prospective franchisees with an exclusive territory in which to operate their business, as well as training, ongoing support services, marketing materials, equipment and supplies at no cost. The company's goal is to build upon its solid foundation of over 30 years of experience by leveraging new technologies to provide the highest level of expertise in garage door repair service for residential homes and commercial buildings nationwide
Franchise Opportunity
If your garage door is broken, you need help fast. Precision Door Service(R) offers the fastest response times in the industry and we have a team of professionally trained technicians ready to answer your call day or night. We are available 24 hours a day, 7 days a week including holidays for all of our customers' garage door repair needs. Our top priority is to provide quality service at affordable prices with 100% customer satisfaction guaranteed on every job! Precision Door Service(R) has been providing residential and commercial garage door services since 1998 when it was founded by Jim Smith in Brevard County Florida. Since that time, we have grown into one of the largest independent full-service garage door companies in the state with over 1 million dollars worth of equipment serving Brevard county and surrounding areas. Now under new ownership as Precision Holdings Of Brevard LLC., we are looking for qualified individuals who want to join an already successful company built by hard working entrepreneurs just like yourself
Corporate Structure
Precision Holdings of Brevard, Inc., d/b/a Precision Door Service is a Florida corporation formed on August 16, 2004. Their predecessor company was Precision Door Service, Inc., which was founded as a garage door repair service business in May 1997 as an informal partnership operating under the trade name Garage Door Services. They incorporated in Arizona as Precision Door Service, Inc. on May 21, 1999. On June 13, 2003, PDS changed its domicile from Arizona to Florida.They do business under their corporate name and the name Precision Door Service. Their principal place of business is 2395 S. Washington Avenue, Suite 5, Titusville, Florida 32780.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Precision Door Service franchised business is $70,855 to $306,955. This includes $10,000 to $100,000 that must be paid to the franchisor or its affiliate(s).
Royalties and Marketing Fees

Royalties : Low - $500 High - $6000 or more

Royalties : 3.0% of Gross Sales

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Maintenance Services Industry

$3,925,854 / unit

Franchise Type: Standard

Average Revenue During 2021

$3,925,854
$63,233
Industry Low
$3,925,854
Industry High

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Precision Door Service Franchisees

Precision Door Service Franchise System Development in 2021

FAQ

How much investment do I need to start my own Precision Door Service business?
Franchisees typically require at least $111,350 to $590,350 investment to get their Precision Door Service business started
What are the initial franchise fees for Precision Door Service?
Franchisees typically need to pay at least $34,250 in fees directly to Precision Door Service in order to earn the right to launch their business
How much money can I make with a Precision Door Service franchise? What are the average revenues for a typical Precision Door Service business?
We estimate that the average revenue of an individual Precision Door Service unit is approximately $3,925,854. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Precision Door Service unit? What is my contractual commitment?
Precision Door Service franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

1 /10
The Franchisor's investment costs ranges from $210,500 to $457,055 which is Much Higher than the $0 to $0 average in the Maintenance Services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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