How many 360 Painting franchises were sold during the year 2023?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchises as December 31, 2022 | Acquired during the year | Sold during the year | Closed during the year | Franchises as of December 31, 2023 | |
|---|---|---|---|---|---|
| 360 Painting | 138 | - | 41 | 19 | 160 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, there were 41 franchises sold during the year 2023. This number reflects the total number of new franchise agreements signed within that calendar year. This information is useful for potential franchisees to gauge the growth and popularity of the 360 Painting franchise system.
It is important to note that this figure represents the number of franchises sold, not necessarily the number of new 360 Painting locations that opened during that year. There can be a lag between a franchise agreement being signed and the actual opening of the business due to various factors such as training, site selection, and build-out.
Furthermore, the FDD also indicates that 19 360 Painting franchises closed during 2023. This information, combined with the number of franchises sold, provides a more comprehensive view of the franchise system's dynamics. Monitoring both sales and closures can help prospective franchisees assess the overall health and stability of the 360 Painting brand.