What is the initial technology fee that a 360 Painting franchisee must pay upon signing the agreement?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
the development of any circumstanc
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, a new franchisee must pay an initial technology fee. This fee is $5,000. This is a one-time fee paid at the beginning of the franchise agreement.
This fee likely covers the costs associated with setting up the franchisee with 360 Painting's technology systems. These systems could include software, hardware, and IT support necessary for running the business. It is important for prospective franchisees to understand exactly what technology and support are included in this fee.
Franchisees should inquire about the specifics of the technology provided, including any ongoing costs for updates, maintenance, or support that are not covered by this initial fee. Understanding the full scope of the technology infrastructure is crucial for budgeting and planning the business operations.