How many 360 Painting franchises were operating as of December 31, 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, there were 173 360 Painting franchises operating as of December 31, 2024. This number reflects changes from the previous year, as there were 160 franchises operating as of December 31, 2023. During 2024, 60 new franchises were sold, but 47 franchises closed.
For a prospective franchisee, this data indicates the net growth of the 360 Painting system. While 60 new franchises were sold, the closure of 47 locations suggests potential challenges or turnover within the franchise network. Understanding the reasons behind these closures could be a crucial part of due diligence.
It's also worth noting the overall size of the 360 Painting franchise system compared to other brands under Premium Service Brands, LLC. This can provide context regarding 360 Painting's relative maturity, market saturation, and brand recognition compared to its sister franchises.
Analyzing these figures in conjunction with other data in the FDD, such as franchisee turnover rates, financial performance representations, and franchisee satisfaction surveys, can provide a more comprehensive understanding of the health and stability of the 360 Painting franchise system.