What is the annual convention fee if a 360 Painting franchisee does not attend?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Annual Convention | Attendance fee varies (Currently, $1,000). $2,000 if you do not attend, but we may modify the fees on notice to you based on our then current allocated costs. | Upon demand | Attendance fee varies depending on convention location. |
Source: Item 6 — OTHER FEES (FDD pages 18–21)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, franchisees are required to pay an annual convention fee. The standard attendance fee varies depending on the convention location. However, if a 360 Painting franchisee chooses not to attend the annual convention, they must pay a higher fee. Currently, this non-attendance fee is $2,000.
It is important to note that 360 Painting has the right to modify this fee. The FDD states that the franchisor may change the fees based on their current allocated costs, and they will provide notice to franchisees regarding any such changes. This means the $2,000 fee is not necessarily fixed for the entire duration of the franchise agreement.
Prospective franchisees should consider the annual convention fee, and the potential for it to change, as part of their overall investment. It would be prudent to inquire with 360 Painting about the typical range of attendance fees, how often the fees are adjusted, and what factors influence these adjustments. Understanding these details will help a franchisee budget accurately and make informed decisions about attending the annual convention.