Besides 360 Painting, which brand had the highest number of franchises closed during the year 2023?
360_Painting Franchise · 2025 FDDAnswer 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.