What was the disposition of Chris Nichols's 360 Painting franchise in El Paso, Texas?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Owner | City | Phone | Disposition |
|---|---|---|---|---|
| TX | Chris Nichols | El Paso | (915) 979-6580 | Termination |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–56)
What This Means (2025 FDD)
According to the 2025 FDD, Chris Nichols's 360 Painting franchise in El Paso, Texas, experienced a 'Termination'.
In franchise terms, 'Termination' means that the franchise agreement was ended by the franchisor, 360 Painting, due to a failure to comply with the agreement's terms or other specific reasons outlined in the franchise agreement. This is different from 'Non-Renewal,' where the agreement simply expires at the end of its term, or 'Transfer,' where the franchisee sells their business to another party.
For a prospective 360 Painting franchisee, a 'Termination' indicates a risk that the franchisor may end the agreement if the franchisee does not adhere to the standards and requirements set forth in the franchise agreement. It is important to fully understand the conditions under which 360 Painting can terminate the agreement before investing in a franchise.