How many 360 Painting franchises were sold during the year 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 60 franchises sold during the year 2024. At the beginning of the year, there were 160 360 Painting franchises. During 2024, 47 franchises closed. At the end of 2024, there were 173 360 Painting franchises.
It is important to note that "sold" refers to the number of new franchise agreements signed during that year, not necessarily the number of locations that opened. The number of franchises at the end of the year is calculated by adding the number sold to the initial number and subtracting the number that closed.
Prospective franchisees should consider these figures in the context of the brand's overall growth strategy and market conditions. A high number of sales could indicate strong brand recognition and franchisee interest. However, a significant number of closures could raise concerns about franchisee success and support.