If a 360 Painting franchisee purchases a vehicle, how will it affect their initial investment?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
Vehicle(2) | $1,500 - $5,000 | As Arranged | Before Opening | Lessor |
This estimate assumes you will lease one vehicle, typically a truck or work van.
If you decide to purchase one or more Vehicles, your costs will likely be higher.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–23)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, the initial investment for a vehicle is estimated between $1,500 and $5,000 if the franchisee chooses to lease. This figure is part of the overall estimated initial investment, which ranges from $132,350 to $196,000. The FDD specifies that the vehicle cost estimate assumes the franchisee will lease a vehicle, typically a truck or work van.
If a 360 Painting franchisee decides to purchase a vehicle instead of leasing, the FDD indicates that their costs will likely be higher. However, the document does not provide a specific estimate for the cost of purchasing a vehicle. The FDD also notes that the estimate for a leased vehicle does not include mandatory vehicle wrapping or other signage, which would be an additional cost whether the vehicle is leased or purchased.
Therefore, a prospective 360 Painting franchisee should consider that the initial investment figures provided are based on leasing a vehicle. Purchasing a vehicle will increase the initial investment, but the exact amount of the increase is not specified in the FDD. It would be prudent for potential franchisees to discuss vehicle purchase options and associated costs with 360 Painting to get a more accurate estimate of the total initial investment.