What were 360 Painting's franchise sales fees in 2023?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchises as of December 31, 2023 | Sold during the year | Closed during the year | Franchises as of December 31, 2024 | |
|---|---|---|---|---|
| 360 Painting | 160 | 60 | 47 | 173 |
| The Grout Medic | 61 | 31 | 14 | 78 |
| House Doctors | 53 | 65 | 11 | 107 |
| Kitchen Wise | 6 | 7 | 3 | 10 |
| Maid Right | 44 | 11 | 15 | 40 |
| Pro-Lift | 94 | 24 | 32 | 86 |
| Rooterman | 703 | 1 | 118 | 586 |
| Rubbish Works | 6 | 2 | 3 | 5 |
| Window Gang | 48 | 13 | 2 | 59 |
| 1,175 | 214 | 245 | 1,144 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, 360 Painting had 60 franchises sold during the year 2023. This number reflects the total franchises sold throughout the entire year. It is important to note that this figure represents the number of franchise agreements signed, not necessarily the number of businesses that opened during that year.
For a prospective franchisee, this information indicates the brand's growth and market activity. A higher number of franchise sales could suggest a strong interest in the 360 Painting franchise system. However, it is also important to consider the number of franchises that closed during the same period, which was 47 for 360 Painting. This gives a net increase of 13 units for that year.
Overall, the number of franchise sales provides valuable context, but should be considered alongside other factors such as closures, transfers, and the overall financial health of the franchise system when evaluating the opportunity.