As of December 31, 2024, how many 360 Painting franchises were operating?
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, there were 173 franchises operating as of December 31, 2024. This number reflects the changes during the year, including 60 franchises sold and 47 franchises that closed.
This information is crucial for potential franchisees as it provides a snapshot of the brand's current market presence and growth trajectory. The number of franchises operating can indicate the brand's stability and acceptance in the market. A growing number of franchises may suggest a healthy and expanding business model.
However, it's also important to consider the number of closures, as a high closure rate could signal potential issues with the franchise system. In 360 Painting's case, while 60 franchises were sold, 47 closed during the year, which should prompt further investigation into the reasons behind these closures. Prospective franchisees should inquire about the average lifespan of a franchise, the reasons for franchise terminations, and the support provided to struggling franchisees to better understand the risks and opportunities associated with investing in a 360 Painting franchise.