What was the disposition of Teresa Scott's 360 Painting franchise in Rio Rancho, New Mexico?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Owner | City | Phone | Disposition |
|---|---|---|---|---|
| NM | Teresa Scott | Rio Rancho | (505) 730-3878 | Termination |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–56)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, Teresa Scott's 360 Painting franchise in Rio Rancho, New Mexico, experienced a 'Termination'.
This means that the franchise agreement between Teresa Scott and 360 Painting was ended by either the franchisor or the franchisee before its natural expiration date. Terminations can occur for various reasons, such as failure to meet performance standards, violation of the franchise agreement terms, or other breaches of contract.
Prospective franchisees should be aware that terminations can have significant financial and legal consequences. It is important to understand the conditions under which a franchise agreement can be terminated and to carefully review the termination clauses in the franchise agreement before investing in a 360 Painting franchise.