How many 360 Painting outlets in New Mexico experienced terminations 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, one outlet in New Mexico experienced a termination in 2024. The table provided in Item 20 outlines the number of outlets that were operating at the start of the year, opened during the year, and the number of terminations, non-renewals, re acquisitions by the franchisor, and those that ceased operations for other reasons. It also shows the number of outlets operating at year end.
For a prospective franchisee, this data provides insight into the stability and performance of 360 Painting franchises in specific states. Seeing a termination in a state like New Mexico, where there was only one outlet operating, could raise concerns about the market conditions or the support provided to franchisees in that region. It's important to note that a 'termination' specifically refers to instances where the franchise agreement was ended, which is different from non-renewals or other reasons for ceasing operations.
This information is valuable for potential franchisees as it allows them to assess the risks and opportunities associated with investing in a 360 Painting franchise in a particular state. It is important to investigate the reasons behind terminations and ceased operations to understand the factors that contribute to franchise success and failure within the 360 Painting system. This can be done by speaking with current and former franchisees, as well as directly with the franchisor, to gather more detailed insights.