In 2023, how many 360 Painting outlets were reacquired from franchisees?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets Operating at Start of Year | Outlets Opened | Termin ations | Non Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets Operating At Year End |
|---|---|---|---|---|---|---|---|---|
| 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| Washington | 2022 | 6 | 0 | 0 | 0 | 0 | 4 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Wisconsin | 2022 | 3 | 3 | 0 | 0 | 0 | 1 | 5 |
| 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 1 | 4 | |
| Totals | 2022 | 145 | 29 | 0 | 1 | 0 | 32 | 141 |
| 2023 | 141 | 38 | 4 | 0 | 0 | 15 | 160 | |
| 2024 | 160 | 31 | 8 | 1 | 0 | 29 | 153 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–56)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, there were zero outlets reacquired by the franchisor in 2023. The provided table in Item 20 outlines the changes in outlet numbers for the years 2022, 2023, and 2024. It includes details such as the number of outlets at the start of the year, outlets opened, terminations, non-renewals, reacquired outlets, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
Specifically, the 'Reacquired by Franchisor' column indicates how many outlets 360 Painting took back from franchisees during each year. For 2023, the total number of reacquired franchises is listed as 0. This means that no existing 360 Painting franchises were bought back by the company during that year.
This information is important for potential franchisees as it provides insight into the stability of the franchise system. A high number of reacquired franchises could indicate issues with franchisee success or the franchisor's business model. In this case, the fact that no franchises were reacquired in 2023 could be seen as a positive sign.