What happened to Renew Crew's operations in 2023 in relation to 360 Painting's parent company?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, Premium Service Brands, LLC (PSB), the parent company of 360 Painting, combined the operations of Renew Crew with those of Window Gang in 2023. This means that Renew Crew, another franchise brand under the same parent company as 360 Painting, ceased to operate independently and was integrated into Window Gang's business structure.
For a prospective 360 Painting franchisee, this indicates that Premium Service Brands, LLC is actively involved in reorganizing and consolidating its franchise brands. This could be due to various reasons, such as improving efficiency, reducing costs, or addressing performance issues within specific brands like Renew Crew. The FDD also mentions that Renew Crew had an impairment charge of $169,724 in 2022 due to the continued deterioration in economic performance of its franchised outlets.
This type of restructuring can have both positive and negative implications for franchisees. On one hand, it could lead to a stronger, more streamlined parent company that is better equipped to support its remaining brands, including 360 Painting. On the other hand, it could also signal potential instability or a willingness to make significant changes that could impact franchisees. A potential franchisee should investigate the reasons behind this decision and how it might affect the long-term prospects and support for the 360 Painting franchise.