Besides the financial performance representation mentioned, does 360 Painting make any other financial performance representations?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
Other than the preceding financial performance representation, 360 Painting, LLC does not make any financial performance representations. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting Paul Flick, 126 Garrett Street, Suite J, Charlottesville, VA 22902, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 46–48)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, besides the financial performance representations included in Item 19, 360 Painting does not make any other financial performance representations. The document explicitly states that 360 Painting does not authorize its employees or representatives to make any financial performance representations, either orally or in writing. However, if a prospective franchisee is purchasing an existing outlet, 360 Painting may provide the actual records of that outlet.
It is important for a potential franchisee to be aware of this policy and to rely only on the financial information provided in the FDD or the actual records of an existing outlet if purchasing one. If a prospective franchisee receives any other financial performance information or projections about future income, they are instructed to report it to 360 Painting's management, the Federal Trade Commission, and the appropriate state regulatory agencies. This is to ensure that all financial representations are accurate and compliant with franchise regulations.
360 Painting provides detailed financial performance representations in Item 19, including tables showing gross sales by franchised business and by franchisee, broken down by quartiles. These tables offer insights into the potential financial performance based on data from 86 franchisees and their 102 franchised businesses that were open and operating for the entire 2024 fiscal year. The financial data includes average and median gross sales, as well as average job size and gross sales per customer, offering a comprehensive view of potential earnings.
Specifically, Table A presents the 2024 fiscal year consolidated average and median Gross Sales by Franchised Business and by franchisee for the 86 franchisees and their 102 Franchised Businesses. Table B presents 2024 fiscal year average and median Gross Sales by franchisee and by quartiles for the same group. Table C presents multiple fiscal year average and median Gross Sales by franchisee and by quartiles for franchisees and their Franchised Businesses that have operated for multiple years. Table D presents 2024 fiscal year Average Job Size and average Gross Sales per Customer for jobs submitted through their CRM. These detailed representations are intended to provide potential franchisees with a reasonable basis for estimating potential financial performance, while also emphasizing that individual results may vary.