How many 360 Painting outlets were operating in Florida at the end of 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 30 outlets operating in Florida at the end of 2024. The FDD provides a detailed breakdown of outlet activity by state and year, showing the number of outlets operating at the start of the year, outlets opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations for other reasons, and the number of outlets operating at year-end. This information helps prospective franchisees understand the growth and stability of the 360 Painting franchise system in specific geographic areas.
For a potential 360 Painting franchisee in Florida, this data indicates a significant presence and activity within the state. The increase from 26 outlets at the start of 2024 to 30 by year-end suggests continued growth, although the opening of 6 new outlets was partially offset by 2 outlets ceasing operations for other reasons. This level of detail allows for a more nuanced understanding of market dynamics than simply looking at the total number of franchises.
It's important to note that the category 'Ceased Operations Other Reasons' could encompass various factors, such as franchisees selling their businesses to other franchisees, closures due to performance issues, or other unforeseen circumstances. A prospective franchisee should inquire with 360 Painting about the specific reasons for these closures to gain a clearer picture of the challenges and opportunities in the Florida market. Understanding these factors can inform their business plan and risk assessment.
Overall, the data suggests that Florida is a relatively active market for 360 Painting, with a substantial number of operating franchises and ongoing development. However, like any franchise system, there are inherent risks and challenges, as evidenced by the outlets that ceased operations. By carefully analyzing this information and conducting thorough due diligence, potential franchisees can make a more informed decision about investing in a 360 Painting franchise in Florida.