When is the 360 Painting franchise fee considered fully earned?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
EM 5: INITIAL FEES**
Franchise Fee
The initial franchise fee ("Franchise Fee") for a 360 Painting Business is $65,000. The Franchise Fee is payable by wire transfer and generally must be paid in one lump-sum upon execution of the Franchise Agreement. If you obtain third-party SBA financing, the terms of that financing may require that you pay a portion of the Franchise Fee (typically $15,000) upon execution of the Franchise Agreement and the remainder (typically $50,000) be paid after receiving funding. The Franchise Fee is fully e
Source: Item 5 — INITIAL FEES (FDD page 18)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, the franchise fee is considered fully earned when paid. The standard franchise fee for a 360 Painting business is $65,000, payable generally in one lump-sum via wire transfer upon the execution of the Franchise Agreement.
However, the FDD notes an exception if the franchisee obtains third-party SBA financing. In this case, the terms of the financing may stipulate that a portion of the franchise fee, typically $15,000, is paid upon the execution of the Franchise Agreement, with the remaining balance, typically $50,000, paid after the franchisee receives funding. Regardless of the payment schedule, the franchise fee is non-refundable once paid to 360 Painting.
It's important for prospective franchisees to understand that while the franchise fee is earned upon payment, this does not guarantee the success of the franchise. Franchisees should carefully consider their financing options and ensure they have sufficient capital to cover not only the franchise fee but also the ongoing operational costs of the business. Additionally, the FDD mentions potential discounts on the franchise fee for honorably discharged U.S. military veterans, individuals working in rescue, emergency services, and policing, as well as existing franchisees in a system owned by 360 Painting or its affiliates.