How many 360 Painting outlets opened in Nevada 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 360 Painting's 2025 Franchise Disclosure Document, there was one outlet opened in Nevada during 2023. The table included in Item 20 of the FDD provides a breakdown of outlet activity by state and year. This information is useful for prospective franchisees to understand the growth and changes in the 360 Painting franchise system across different geographic areas.
Specifically, the table details the number of outlets operating at the start of the year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets operating at the year's end. For Nevada in 2023, the table indicates that there were zero outlets operating at the start of the year and one outlet opened during the year, resulting in one outlet operating at the end of 2023.
This data helps potential franchisees assess the brand's performance and stability in specific markets. It's important to note that past performance doesn't guarantee future results, but it can offer insights into the brand's growth trajectory and potential challenges in different regions. Reviewing this information in conjunction with other sections of the FDD, such as Item 19 (Financial Performance Representations) and Item 21 (Audited Financial Statements), can provide a more comprehensive understanding of the franchise opportunity.