Where in the 360 Painting Franchise Agreement are the franchisee's fee obligations detailed?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
You must operate your 360 Painting Business under the terms of a franchise agreement ("Franchise Agreement"). A copy of our current form Franchise Agreement is attached as Exhibit C to this Disclosure Document. The geographic area granted to you under the Franchise Agreement is referred to as the "Protected Territory." Your 360 Painting Business must offer only authorized services and products we specify or authorize. We have the right to add, modify, or delete any services or products that you must offer or sell in your 360 Painting Business at any time.
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 26–27)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, the specifics of the franchisee's fee obligations are found within the Franchise Agreement itself, which is included as Exhibit C. Item 1 of the FDD states that franchisees must operate their 360 Painting business under the terms of this Franchise Agreement.
Prospective franchisees should carefully review Exhibit C to understand all initial and ongoing fees, as these represent a significant financial obligation. These fees cover various aspects of the franchise relationship, such as the initial franchise fee, royalties, marketing contributions, and technology fees. Understanding these obligations upfront is crucial for assessing the overall profitability and financial viability of the 360 Painting franchise.
It is important to note that Item 1 also mentions that 360 Painting has the right to add, modify, or delete any services or products that franchisees must offer or sell. This could potentially impact a franchisee's revenue streams and associated fee obligations. Therefore, prospective franchisees should inquire about any planned changes to services or products and how these changes might affect their financial obligations under the Franchise Agreement.