How many 360 Painting franchises closed during the year 2024?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchises as of December 31, 2023 | Sold during the year | Closed during the year | Franchises as of December 31, 2024 | |
|---|---|---|---|---|
| 360 Painting | 160 | 60 | 47 | 173 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, 47 of their franchise locations closed during the 2024 year. At the start of the year, 360 Painting had 160 franchises. During the year, 60 franchises were sold, and by the end of 2024, the total number of 360 Painting franchises was 173.
These figures provide a snapshot of the brand's performance in terms of franchise growth and stability. The number of closures compared to sales can indicate the overall health and attractiveness of the franchise system. A high number of closures relative to sales could signal potential issues with the franchise model, franchisee support, or market conditions.
A prospective franchisee should further investigate the reasons behind these closures. Understanding why franchises closed—whether due to poor performance, disputes with the franchisor, or other factors—is crucial for making an informed investment decision. It would be prudent to speak with current and former franchisees to gain deeper insights into the challenges and opportunities within the 360 Painting system.