In Georgia, how many 360 Painting franchises were transferred in 2023?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| | | Bottom 50% Franchised | $3,511 | $4,377 | | Businesses by Average Job Size | | | Table No. 2 TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (OTHER THAN THE FRANCHISOR) FOR FISCAL YEARS 2022 TO 2024
| State | Year | Number of Transfers |
|---|
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–56)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, there were 2 franchise transfers in Georgia during 2023. This information is based on data compiled by 360 Painting regarding franchise activity within its system. Franchise transfers occur when an existing franchisee sells their franchise to a new owner, subject to the franchisor's approval.
For a prospective franchisee, the number of transfers can be an indicator of franchise health. A high number of transfers could signal that franchisees are looking to exit the system, potentially due to poor performance or dissatisfaction. Conversely, a low number of transfers, as is the case for 360 Painting in Georgia in 2023, might suggest stability within the franchise network.
However, it's important to consider this data in conjunction with other factors, such as the total number of franchises in the state and the reasons behind any transfers that did occur. Further investigation into the specific circumstances surrounding these transfers would provide a more comprehensive understanding of their implications. A prospective franchisee should speak with current and former franchisees to understand their experiences and the reasons for any transfers.