What is the fiscal year end for both 360 Painting, LLC and Premium Service Brands, LLC?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
The fiscal year for both us and Premium Service Brands, LLC is December 31st of each calendar year.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, the fiscal year end for both 360 Painting, LLC and its affiliate, Premium Service Brands, LLC, is December 31st of each calendar year. This means that both companies conclude their financial accounting period at the end of December, which is a common practice for businesses as it aligns with the end of the calendar year.
For a prospective 360 Painting franchisee, understanding the franchisor's fiscal year end is important for several reasons. It provides context for the financial statements presented in the FDD, allowing the franchisee to understand the time period the data covers. This is particularly relevant when reviewing the financial performance representations or any historical financial data provided.
Knowing the fiscal year-end also helps franchisees align their own business planning and financial reporting with that of 360 Painting. While franchisees may choose their own accounting periods, understanding the franchisor's fiscal year can be useful for comparative analysis and for understanding trends within the 360 Painting system. This alignment can be beneficial for franchisees as they manage their business and interact with the franchisor on financial matters.