What is the location of Premium Service Brands, LLC, the guarantor for 360 Painting?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
For value received, Premium Service Brands, LLC ("Guarantor"), a limited liability company organized under the laws of the State of Delaware and located at 126 Garrett Street, Suite J, Charlottesville, VA 22902, absolutely and unconditionally guarantees to assume the duties and obligations of 360 Painting, LLC, located at 126 Garrett Street, Suite J, Charlottesville, VA 22902 (the "Franchisor"), under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its 2025 Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees and amended, modified or extended from time to time. This guarantee continues until all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and on its successors and assigns.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Premium Service Brands, LLC, the guarantor for 360 Painting, is located at 126 Garrett Street, Suite J, Charlottesville, VA 22902. Premium Service Brands, LLC is a Delaware limited liability company.
Premium Service Brands, LLC acts as the guarantor, ensuring that 360 Painting fulfills its obligations to franchisees. This guarantee extends to the franchise registration in each state and the Franchise Agreement outlined in the 2025 Franchise Disclosure Document. The guarantee remains in effect until all obligations are met or the liability of 360 Painting to its franchisees is completely discharged.
This arrangement provides an added layer of security for franchisees, as Premium Service Brands, LLC assumes the duties and obligations of 360 Painting should the latter fail to meet them. Prospective franchisees should understand the implications of this guarantee and review the financial statements of Premium Service Brands, LLC, included as Exhibit B in the FDD, to assess the guarantor's financial stability.