What is the estimated range for licenses and bonds costs for a 360 Painting franchise?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
an>ITEM 7: ESTIMATED INITIAL INVESTMENT
| Type of | Amount | Method of | When Due | To Whom |
|---|---|---|---|---|
| Expenditure | Payment | Payment is Made | ||
| Franchise Fee(1) | $65,000 | Wire | Upon Signing | Us |
| Vehicle(2) | $1,500 - $5,000 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–23)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, the estimated cost for licenses and bonds ranges from $100 to $1,500. These costs are paid to licensing authorities before opening the business. These fees cover items such as construction permits, occupancy permits, and operating licenses, which are typically required by local government agencies. However, the actual costs may vary depending on the specific requirements of those local government agencies.
This means a prospective 360 Painting franchisee needs to budget for these expenses as part of their initial investment. The variance in cost highlights the importance of researching local requirements to get a more precise estimate. Factors influencing the cost include the specific location of the franchise and the types of permits and licenses needed to operate legally in that area.
It is important for potential franchisees to contact local government agencies to determine the exact costs for licenses and bonds in their area. This will help in creating a more accurate financial plan and avoid unexpected expenses during the initial setup phase. Understanding these local requirements is a crucial step in the due diligence process before investing in a 360 Painting franchise.