How many 360 Painting outlets ceased operations for other reasons in Nebraska during 2023?
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 | 0
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–56)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, two 360 Painting locations in Nebraska ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor during 2023. The table provided in Item 20 of the FDD outlines the changes in the number of outlets across various states. This information is valuable for potential franchisees as it offers insight into the stability and performance of existing franchises within the 360 Painting system.
Understanding the reasons behind closures, whether due to market conditions, franchisee performance, or other factors, is crucial for making an informed investment decision. Franchisees may want to inquire further about the specific reasons for these closures to assess any potential risks or challenges in the Nebraska market. This data helps prospective franchisees evaluate the overall health and sustainability of the 360 Painting franchise system in specific geographic areas.
Reviewing the historical data for outlet performance, including openings, closures, and transfers, provides a more comprehensive understanding of the franchise's growth and stability. This information, combined with other due diligence efforts, can help potential franchisees make a well-informed decision about investing in a 360 Painting franchise.