How many 360 Painting outlets in New Jersey were reacquired by the franchisor in 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 | 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, there were zero outlets in New Jersey that were reacquired by the franchisor in 2024. The provided table in Item 20 outlines the changes in outlet numbers for each state over the past three years.
For a prospective franchisee, this data indicates the stability and health of existing franchises within specific regions. The 'Reacquired by Franchisor' column shows how many franchises, if any, were taken back by 360 Painting. A high number of re acquisitions could signal problems with franchisee success or support.
In the case of New Jersey, the absence of any re acquisitions in 2024 suggests that the franchises in that state are performing adequately enough that 360 Painting did not need to take them back. However, it is important to note that two outlets in New Jersey ceased operations for other reasons in 2022 and 2024, and one new outlet opened in both 2023 and 2024. This information, combined with further due diligence, can help potential franchisees assess the risks and opportunities associated with investing in a 360 Painting franchise in New Jersey.