How many 360 Painting franchises were operating as of December 31, 2023?
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, there were 160 franchises operating as of December 31, 2023. This number reflects the total number of 360 Painting franchise locations that were open and running at the end of that calendar year. This number is also influenced by the number of franchises sold and closed during the year.
For a prospective franchisee, this figure provides a snapshot of the brand's established presence at that time. It can be useful for understanding the growth and stability of the 360 Painting network. It is important to note that this number represents a specific point in time and can change due to various factors, including new franchise openings, closures, and transfers.
By December 31, 2024, the number of 360 Painting franchises increased to 173. This indicates a net growth of 13 units during 2024. This information, combined with the number of franchises sold (60) and closed (47) during the year, provides a more comprehensive view of the franchise system's dynamics and overall health. Reviewing these trends over multiple years can give potential franchisees a better understanding of the brand's performance and sustainability.
When evaluating a franchise opportunity, it's crucial to consider not only the number of operating units but also the rate of growth, closure, and transfer. These metrics can offer insights into the franchise's appeal, support system, and the overall satisfaction of existing franchisees. A consistent and positive growth trend, coupled with a low closure rate, is generally a positive indicator for prospective franchisees.