What was the amount of the acquisition of Window Gang that affected 360 Painting's goodwill?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
llows:
| 2025 | $ 1,492,392 |
|---|---|
| 2026 | 1,492,392 |
| 2027 | 1,492,392 |
| 2028 | 1,491,411 |
| 2029 | 1,487,316 |
| Thereafter | 3,977,202 $ 11,433,105 |
Goodwill
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, 360 Painting's parent company, Premium Service Brands, acquired Window Gang in May 2023. The acquisition of Window Gang affected 360 Painting's goodwill. The goodwill recognized from the acquisition of Window Gang was $1,635,000.
Goodwill, in this context, refers to the intangible assets acquired that are not separately recognized, such as brand reputation or customer relationships. The FDD notes that this identified goodwill is expected to be deductible for tax purposes, which could provide a financial benefit to the company.
This acquisition and the resulting goodwill are significant for prospective 360 Painting franchisees because they reflect the financial activity and strategic decisions of the parent company. Such acquisitions can lead to expanded service offerings or improved operational efficiencies across the franchise system. Monitoring these financial activities can provide franchisees with insights into the stability and growth potential of the 360 Painting brand.