What was the disposition of Karen Beodray's 360 Painting franchise in North Olmsted, Ohio?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Owner | City | Phone | Disposition |
|---|---|---|---|---|
| OH | Karen Beodray | North Olmsted | (440) 225-5454 | Transfer |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–56)
What This Means (2025 FDD)
According to the 2025 FDD, Karen Beodray's 360 Painting franchise in North Olmsted, Ohio, was transferred. This means that instead of terminating, ceasing operations, or not renewing, the franchise was sold or otherwise transferred to a new owner.
For a prospective franchisee, this information is relevant for a few reasons. First, it shows that franchises can be transferred, which provides an exit strategy for franchisees who may want to sell their business in the future. Second, transfers can happen for a variety of reasons, such as retirement, health issues, or a desire to pursue other business ventures.
Reviewing the frequency of transfers versus terminations or non-renewals can give potential franchisees insight into the health and sustainability of 360 Painting franchises. A high number of transfers might indicate a strong resale market, while a high number of terminations could be a red flag.