How many 360 Painting franchises in Florida 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
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, in 2022, six franchises in Florida ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor. This means that of the 16 360 Painting locations operating at the start of 2022, six closed for unspecified other reasons. After accounting for new openings and closures, 12 franchises were operating in Florida at the end of 2022.
For a prospective franchisee, this indicates a potential level of instability or unforeseen challenges within the Florida market during that year. It is important to note that this number does not reflect terminations or non-renewals, which are separate categories. The reasons for these closures are not detailed in the table, so further investigation would be needed to understand the specific circumstances.
This data point highlights the importance of conducting thorough due diligence and market research before investing in a 360 Painting franchise, particularly in a market that has seen a relatively high number of closures for unspecified reasons. A prospective franchisee should inquire with the franchisor about the reasons for these past closures and what support is provided to help franchisees avoid similar situations.