Did 360 Painting acquire any franchises during 2023 according to the table?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchises as December 31, 2022 | Acquired during the year | Sold during the year | Closed during the year | Franchises as of December 31, 2023 | |
|---|---|---|---|---|---|
| 360 Painting | 138 | - | 41 | 19 | 160 |
| House Doctors | 50 | - | 13 | 10 | 53 |
| Kitchen Wise | 8 | - | - | 2 | 6 |
| Maid Right | 38 | - | 20 | 14 | 44 |
| Pro-Lift | 68 | - | 41 | 15 | 94 |
| Renew Crew | 2 | - | 3 | 5 | - |
| Rooterman | 726 | - | 5 | 28 | 703 |
| Rubbish Works | 10 | - | 5 | 9 | 6 |
| The Grout Medic | 59 | - | 4 | 2 | 61 |
| Window Gang | - | 48 | - | - | 48 |
| 1,099 | 48 | 132 | 104 | 1,175 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, 360 Painting did not acquire any franchises during 2023. The table provided shows franchise data for several brands under Premium Service Brands. For 360 Painting, the 'Acquired during the year' column indicates a value of '-'. This symbol typically means zero or not applicable, indicating no franchises were acquired by 360 Painting during that year.
This information is relevant for prospective franchisees as it provides insight into the growth strategy of 360 Painting. The absence of acquisitions suggests that 360 Painting's growth in 2023 was primarily organic, through the sale of new franchises, rather than through purchasing existing franchise locations. This may indicate a focus on developing new territories and building the brand from the ground up.
It is important to note that while 360 Painting did not acquire any franchises, other brands under Premium Service Brands, such as Window Gang, did acquire franchises during 2023. This highlights that different brands within the same parent company may pursue different growth strategies. A potential franchisee should consider these different approaches when evaluating the overall stability and expansion plans of Premium Service Brands.