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Besides 360 Painting, which brand had the highest number of franchises closed during the year 2023?

360_Painting Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchises as of December 31, 2023 Sold during the year Closed during the year Franchises as of December 31, 2024
360 Painting 160 60 47 173
The Grout Medic 61 31 14 78
House Doctors 53 65 11 107
Kitchen Wise 6 7 3 10
Maid Right 44 11 15 40
Pro-Lift 94 24 32 86
Rooterman 703 1 118 586
Rubbish Works 6 2 3 5
Window Gang 48 13 2 59
1,175 214 245 1,144

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)

What This Means (2025 FDD)

According to 360 Painting's 2025 Franchise Disclosure Document, Rooterman had the highest number of franchise closures in 2023, besides 360 Painting itself. The document indicates that 360 Painting closed 47 franchises, while Rooterman closed 118 during that year.

This information is relevant for prospective 360 Painting franchisees as it provides insight into the performance and stability of other franchise brands under Premium Service Brands, LLC. Observing the number of closures can be an indicator of brand health and franchisee success rates. A high number of closures, as seen with Rooterman, may prompt further investigation into the reasons behind those closures, such as market saturation, lack of support, or economic factors.

For a prospective 360 Painting franchisee, this data highlights the importance of due diligence when evaluating a franchise opportunity. While 360 Painting's closure rate is significant, Rooterman's even higher number suggests potential systemic issues within that particular brand. It would be prudent to compare the closure rates of all brands under Premium Service Brands and understand the specific challenges and opportunities associated with each.

Ultimately, understanding the closure rates of related franchise systems can help a potential 360 Painting franchisee assess the overall risk and potential reward of investing in the 360 Painting franchise, and to formulate informed questions for the franchisor regarding franchisee support, training, and strategies for success.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.