How many 360 Painting franchise agreements were signed in Texas, but the outlet was not yet opened?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Franchise Agreements Signed But Outlet Not Opened | Projected New Franchised | Projected New Company-Owned Outlets in the Next Fiscal Year |
|---|---|---|---|
| Outlets in the Next Fiscal Year | |||
| Arizona | 2 | 2 | 0 |
| Colorado | 1 | 1 | 0 |
| Connecticut | 1 | 1 | 0 |
| Florida | 8 | 8 | 0 |
| North Carolina | 2 | 2 | 0 |
| Pennsylvania | 1 | 1 | 0 |
| South Carolina | 1 | 1 | 0 |
| Texas | 7 | 7 | 0 |
| Totals | 23 | 23 | 0 |
| State | Name | Address |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–56)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, as of December 31, 2024, there were 7 franchise agreements signed in Texas for which the outlet had not yet opened. This means that these franchisees had committed to opening a 360 Painting franchise in Texas, but their businesses were not operational by the end of 2024.
For a prospective franchisee, this information indicates the level of recent franchise activity in Texas. It could suggest a growing interest in the 360 Painting franchise within the state. However, it's important to note that these outlets were not yet generating revenue, so further investigation into their projected opening dates and business plans would be prudent.
It is also important to note the asterisked disclaimer in Exhibit E of the 360 Painting FDD which states "Signed, but not yet open as of 12/31/2024. Some signed, but not yet opened locations are yet to have a street address of business. We have provided the city the territory is in." This indicates that some franchisees may be in the very early stages of development.