How many 360 Painting franchises were closed during the year 2023?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchises as December 31, 2022 | Acquired during the year | Sold during the year | Closed during the year | Franchises as of December 31, 2023 | |
|---|---|---|---|---|---|
| 360 Painting | 138 | - | 41 | 19 | 160 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, 19 franchises were closed during the year 2023. This information is based on the financial statement data provided in the FDD, which tracks franchise activity over time.
This number is important for prospective franchisees to consider as it can be an indicator of the health and stability of the franchise system. A high number of closures could suggest underlying issues with the business model, franchisee support, or market conditions. Conversely, a low number of closures may indicate a stable and well-managed franchise system.
It is also useful to compare this number to the number of franchises sold during the same period. In 2023, 360 Painting sold 41 franchises. Comparing the number of closures to the number of sales can provide a more comprehensive view of the franchise's growth and attrition rates. A prospective franchisee should investigate the reasons for franchise closures to better understand the potential risks and challenges of investing in a 360 Painting franchise.