Across all locations, how many 360 Painting franchises were terminated in 2023?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| Tennessee | 2022 | 3 | | | 2023 | 0 | | | 2024 | 0 | | Texas | 2022 | 1 | | | 2023 | 2 | | | 2024 | 4 | | Virginia | 2022 | 0 | | | 2023 | 2 | | | 2024 | 0 | | Totals | 2022 | 12 | | | 2023 | 7 | | | 2024 | 10 | | 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 | |-------------|------|---------------------------------------------|-------------------|------------------|-----------------|--------------------------------|------------------------------------------|----------------------------------------| | Connecticut | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | Delaware | 2022 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | District of | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Columbia | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Florida | 2022 | 16 | 2 | 0 | 0 | 0 | 6 | 12 | | | 2023 | 12 | 17 | 0 | 0 | 0 | 3 | 26 | | | 2024 | 26 | 6 | 0 | 0 | 0 | 2 | 30 | | Georgia | 2022 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | | | 2023 | 7 | 1 | 0 | 0 | 0 | 0 | 8 | | | 2024 | 8 | 0 | 0 | 0 | 0 | 1 | 7 | | Idaho | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | Illinois | 2022 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 2 | 0 | 0 | 0 | 0 | 7 | | | 2024 | 7 | 1 | 0 | 0 | 0 | 0 | 8 | | Indiana | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Iowa | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Kansas | 2022 | 2 | 2 | 0 | 0 | 0 | 1 | 3 |
| 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| Kentucky | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Louisiana | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Maryland | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 2 | 0 | 0 | 0 | 1 | 4 | |
| 2024 | 4 | 0 | 1 | 0 | 0 | 1 | 2 | |
| Massachusetts | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Michigan | 2022 | 3 | 4 | 0 | 0 | 0 | 1 | 6 |
| 2023 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | |
| 2024 | 7 | 0 | 0 | 1 | 0 | 3 | 3 | |
| Minnesota | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Mississippi | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 |
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 a total of 7 terminations across all 360 Painting franchises in 2023. This figure is derived from the 'Terminations' column in the provided table, which summarizes outlet data by state and year. This data offers insight into the stability and health of the 360 Painting franchise system.
For a prospective franchisee, the termination rate can be an important indicator of franchise sustainability and franchisee success. A higher number of terminations could signal potential issues with the business model, franchisor support, or franchisee profitability. Conversely, a lower number, such as the 7 terminations in 2023, might suggest a more stable and successful franchise system.
It is important to note that terminations are not the only way a franchise can cease operations. The table also includes columns for 'Non-Renewals' and 'Ceased Operations - Other Reasons,' which can provide a more comprehensive view of franchise turnover. A prospective franchisee should consider all these factors when evaluating the overall health and stability of the 360 Painting franchise system.
While 7 terminations occurred in 2023, it is important to consider this number in the context of the total number of franchises operating during that year. The table indicates that there were a total of 7 terminations out of all locations. Further due diligence, including speaking with current and former franchisees, is advised to gain a deeper understanding of the reasons behind these terminations and their potential impact on a new franchisee.