How many 360 Painting outlets opened in Maryland 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
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 2 outlets opened in Maryland during 2023. The table in Item 20 provides a breakdown of outlet activity by state and year. At the start of 2023, there were 3 outlets operating in Maryland. During 2023, 2 new outlets opened, but 1 ceased operations for other reasons. This resulted in 4 outlets operating in Maryland at the end of 2023.
For a prospective franchisee, this data indicates the growth and changes within the 360 Painting franchise network in Maryland. While 2 new locations opened, the closure of another suggests potential challenges or market dynamics in the region. Understanding the reasons behind such closures, as well as the factors driving new openings, would be crucial for anyone considering investing in a 360 Painting franchise in Maryland.
It's important to note that past performance doesn't guarantee future results. However, analyzing trends in outlet openings, terminations, and overall growth can provide valuable insights into the health and stability of the 360 Painting franchise system in specific geographic areas. Prospective franchisees should further investigate the reasons behind outlet changes to assess the risks and opportunities in their target market.