How many 360 Painting franchises in Delaware ceased operations for other reasons in 2022?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| Tennessee | 2022 | 3 | | | 2023 | 0 | | | 2024 | 0 | | Texas | 2022 | 1 | | | 2023 | 2 | | | 2024 | 4 | | Virginia | 2022 | 0 | | | 2023 | 2 | | | 2024 | 0 | | Totals | 2022 | 12 | | | 2023 | 7 | | | 2024 | 10 | | State | Year | Outlets Operating at Start of Year | Outlets Opened | Termin ations | Non Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets Operating At Year End | |-------------|------|---------------------------------------------|-------------------|------------------|-----------------|--------------------------------|------------------------------------------|----------------------------------------| | Connecticut | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 1 | 0 | 0
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, one franchise in Delaware ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during 2022.
This information is crucial for potential franchisees as it provides insight into the stability and performance of 360 Painting franchises in specific locations. Understanding the reasons behind franchise closures can help a prospective franchisee evaluate the risks and opportunities associated with investing in a particular area.
It's important to note that "ceased operations for other reasons" can encompass a variety of factors, such as the franchisee's personal circumstances, local market conditions, or other unforeseen events. While one closure in Delaware may not be significant on its own, it's advisable to investigate further and understand the specific reasons for the closure to make an informed decision about investing in a 360 Painting franchise.