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Description
Precision Door Service Franchise Profile

Precision Door Service Franchise Profile

Home Based Franchises > Home Repair Services

How To Open a Precision Door Service Franchise?

To begin your journey as a franchisee with Precision Door Service, you must first complete an ownership application. Following this, you will undergo an interview process and attend an initial training program, which typically occurs 1 to 3 months after signing the Franchise Agreement. You are required to open your franchise within 6 months of the agreement, ensuring that you meet all operational and training prerequisites. The franchise operates under a designated territory, allowing you to provide garage door repair, service, and installation services while adhering to the brand's standards.

What Are the Financial Obligations of a Precision Door Service Franchise?

The total investment for a Precision Door Service franchise ranges from $145,350 to $317,850. This includes an initial franchise fee calculated at $0.45 per single-family home in your designated area, typically amounting to $67,500 to $135,000. Furthermore, franchisees are subject to ongoing royalty fees, which are 4% to 6% of monthly gross sales, depending on annual performance. You should also be prepared for additional costs such as tools, inventory, and insurance.

Why You May Want to Start a Precision Door Service Franchise?

Precision Door Service offers a solid business model in the growing garage door industry, which is characterized by steady demand for repair and installation services. Franchisees benefit from a recognized brand name, comprehensive training, and ongoing support. If you have a passion for home services and a strong commitment to customer service, this franchise could be a fulfilling opportunity. The market is competitive, but with the right approach and dedication, you can carve out a successful niche in your territory.

Is Owning a Precision Door Service Franchise Right for You?

Owning a Precision Door Service franchise can be a lucrative venture if you align with their operational standards and customer service ethos. The franchise boasts a network of over 118 locations across the U.S. and benefits from the backing of a well-established parent company. Prospective franchisees should evaluate their readiness to invest both financially and in terms of time and effort. It’s crucial to consider your local market conditions and whether you have the necessary resources to meet the franchise's operational requirements.

Precision Door Service Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry ⓘ

Home Based Franchises
A more specific division within the broader industry.

Category ⓘ

Home Repair Services
Available financing options to help start the franchise.

Funding Year ⓘ

2004
The main organization that owns the franchise brand.

Parent Company ⓘ

Neighborly
The key individuals guiding the franchise’s strategy and growth.

Leadership ⓘ

Brian Tindall
The official business address of the franchisor’s headquarters.

Corporate Address ⓘ

2395 Washington Avenue, Suite 5, Titusville, Florida 32780
The total amount required to launch the franchise.

Initial Investment ⓘ

$145,350 - $371,850
The initial fee paid to join the franchise system.

Franchise Fee ⓘ

$67,500
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee ⓘ

6%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee ⓘ

2%
The minimum liquid capital you must have on hand.

Cash Required ⓘ

$145,350 - $317,850
The minimum total assets (minus liabilities) you must possess.

Net Worth Required ⓘ

$300,000 - $500,000
The typical yearly revenue generated per franchise location.

Average Revenue ⓘ

$1,380,883.69
The middle value of yearly revenue among franchise locations.

Median Revenue ⓘ

$1,346,814
The smallest reported annual revenue among franchisees.

Lowest Revenue ⓘ

$225,942
The largest reported annual revenue among franchisees.

Highest Revenue ⓘ

$39,976,940.71
The estimated timeframe to recover your initial costs.

Breakeven Time ⓘ

18 Months
The estimated period to recoup your total investment.

Investment Payback ⓘ

34 Months

Precision Door Service Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units ⓘ

111
The number of locations owned by independent franchisees.

Franchised Units ⓘ

111
The number of locations owned and run by the franchisor.

Corporate Units ⓘ

0
Units 2021 2022 2023
Total Units 102 108 111
Net Change YoY 6 3
Franchised Units 102 108 111
Net Change YoY 6 3
Corporate Units 0 0 0
Net Change YoY 0 0

Company Background

Precision Door Service is a leading garage door repair and installation franchise that has been serving customers since 1997. With a commitment to quality service and customer satisfaction, Precision Door Service has grown to over 100 locations across the United States. The franchise offers a comprehensive range of services, including garage door repairs, installations, and maintenance, ensuring that customers have access to reliable and professional solutions for their garage door needs.

Franchise Opportunity

Investing in a Precision Door Service franchise presents a unique opportunity for entrepreneurs looking to enter the home services industry. As a franchisee, you will benefit from a well-established brand with a strong reputation for quality and customer service. The training and support provided by the franchise will equip you with the skills necessary to operate your business successfully, while the growing demand for garage door services offers significant revenue potential.

Corporate Structure

Precision Door Service, LLC was founded in 1997 and operates as a limited liability company based in Orlando, Florida. The franchise system is designed to provide franchisees with a structured business model, including access to proprietary technology, marketing resources, and operational support. The corporate headquarters oversees franchise development, training, and ongoing support to ensure franchisees thrive in their local markets.

Royalties

Franchisees of Precision Door Service are required to pay a royalty fee of 6% of gross sales. Additionally, there is an advertising contribution of 2% of gross sales that supports national and local marketing efforts. These fees are essential for maintaining the brand's presence and ensuring continued growth and support for franchisees.

Company Mission

The mission of Precision Door Service is to provide exceptional garage door solutions that enhance the safety and convenience of our customers' homes. We are dedicated to delivering top-notch service with integrity and professionalism while maintaining a commitment to quality workmanship. Our goal is to be the trusted provider of garage door services in every community we serve, ensuring customer satisfaction and loyalty.

Brand Story

Precision Door Service began its journey in 1997 when the founder recognized the need for reliable and professional garage door services. Starting with a single location, the brand quickly gained a reputation for its commitment to quality and customer care. As demand grew, Precision Door Service expanded its franchise model, allowing dedicated entrepreneurs to join the brand's mission of excellence. Today, Precision Door Service stands as a leader in the garage door industry, known for its expertise, innovative solutions, and unwavering dedication to customer satisfaction.

Frequently Asked Questions

The total investment necessary to begin operation ranges from approximately $145,350 to $317,850. This includes various costs, with $68,750 to $138,250 payable to the franchisor and affiliates.