What happened to Renew Crew's operations in 2023 in relation to 360 Painting and other brands?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
ginning of year | 722,074 | 900,157 | | End of year | $ 943,020 $ | 722,074 |
Premium Service Brands and Subsidiaries Notes to Consolidated Financial Statements For the Years Ended December 31, 2024 and 2023
1. Organization and Description of Business
Premium Service Brands, LLC (the "Company" or "PSB") is the parent company of a number of franchisors operating in the United States and internationally which includes the following companies; 360 Painting, LLC ("360 Painting"), House Doctors, LLC, ("House Doctors"), Kitchen Wise, LLC ("Kitchen Wise"), Maid Right, LLC ("Maid Right"), Pro-Lift Doors Franchise, LLC ("Pro-Lift Doors"), Renew Crew, LLC ("Renew Crew"), Rubbish Works, LLC ("Rubbish Works"), Rooterman, LLC ("Rooterman"), The Grout Medic, LLC ("The Grout Medic"), Window Gang, LLC ("Window Gang"), Insight Business Solutions, LLC ("Insight") and PSB Group, LLC ("PSB Group"). In 2023, the operations of Renew Crew were combined with the operations of Window Gang.
Franchised outlets as of December 31, 2024 and 2023 are summarized as follows:
| 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 |
2. Summary of Significant Accounting Policies
Financial Statement Preparation and Principles of Consolidation
The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, in 2023, the operations of Renew Crew were combined with the operations of Window Gang. Both Renew Crew and Window Gang are part of Premium Service Brands, LLC, which is also the parent company of 360 Painting. This means that Renew Crew did not operate independently but was integrated into Window Gang's business structure.
As of December 31, 2023, Renew Crew had zero franchises. This is a result of the combination of operations with Window Gang, as well as the fact that 3 Renew Crew franchises were sold and 5 were closed during the year. In contrast, Window Gang had 48 franchises as of December 31, 2023, after acquiring 48 during the year.
For a prospective 360 Painting franchisee, this indicates that Premium Service Brands may restructure or consolidate its franchise brands. While 360 Painting's operations were not directly affected, the changes to Renew Crew demonstrate the parent company's willingness to make significant operational adjustments, which could impact other brands under its umbrella in the future. Reviewing the performance and stability of all brands under Premium Service Brands might be a useful exercise for potential franchisees.