How many 360 Painting outlets ceased operations for other reasons in Maryland during 2024?
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 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 1 | 0 | 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, one 360 Painting location in Maryland ceased operations for other reasons during 2024. The table provided in Item 20 details the changes in outlet numbers across various states. At the start of 2024, there were four 360 Painting outlets operating in Maryland. During 2024, no new outlets were opened, one outlet was terminated, and one ceased operations for other reasons, resulting in two outlets operating at the end of the year.
This information is valuable for potential franchisees as it provides insight into the stability and performance of 360 Painting franchises in specific regions. The category 'Ceased Operations Other Reasons' can include closures due to a variety of factors, such as poor performance, failure to meet brand standards, or other unforeseen circumstances. It's important to note that this is distinct from terminations or non-renewals, which typically involve a breach of contract or a decision not to continue the franchise agreement.
Prospective franchisees should investigate the reasons behind such closures to better understand the risks and opportunities associated with investing in a 360 Painting franchise in Maryland. Understanding the specific reasons for these closures, if possible, could provide valuable insights into the challenges and opportunities within the Maryland market. This information, combined with conversations with current and former franchisees, can help a potential franchisee make a more informed decision.