Precision Overhead Garage

Overview

Precision Overhead Garage Door Service is a prominent franchise in the garage door repair and installation industry. Known for its high-quality service and customer-centric approach, Precision Overhead Garage Door specializes in both residential and commercial garage door services, including repairs, installations, and maintenance. The franchise emphasizes punctuality, professionalism, and exceptional customer service.

History

Precision Overhead Garage Door Service was founded in 2001 by Dwayne and Lisa Myers. Initially starting as a single location in the U.S., the company quickly gained recognition for its reliable service and customer satisfaction. The franchise began its expansion in the mid 2000s and has since grown to a significant number of locations across the United States and Canada. Precision Overhead Garage Door Service is recognized for its strong franchise model and commitment to maintaining high service standards.

Investment Breakdown

Opening a Precision Overhead Garage Door franchise involves a range of initial investments. Here is a general breakdown:

● Initial Franchise Fee: $60,000
● Total Initial Investment: $107,850 to $302,850

o Equipment and Vehicle Costs: $70,000 - $120,000
o Leasehold Improvements: $10,000 - $30,000
o Insurance and Licenses: $5,000 - $10,000
o Marketing and Advertising: $10,000 - $20,000
o Miscellaneous Costs: $5,000 - $15,000

● Royalty Fees: 6% of gross revenue
● Marketing Fees: 2% of gross revenue

Industry Snapshot

The garage door repair and installation industry is characterized by:
 
● Growing Demand: Increasing homeownership and property maintenance needs drive demand for reliable garage door services.
● Technological Advancements: Innovations in garage door technology, such as smart openers and advanced security features, are becoming more prevalent.
● Seasonal Variations: The industry experiences peak periods during certain times of the year, often influenced by weather conditions and home improvement trends.

Precision Overhead Garage Door has strategically positioned itself within this market by emphasizing high-quality service and maintaining a reputation for reliability and professionalism.