How many 360 Painting outlets were operating in Nebraska at the end of 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 1 outlet operating in Nebraska at the end of 2023. At the start of 2023, there were 3 outlets. During 2023, no outlets were opened, none were terminated, none were non-renewed, none were reacquired by the franchisor, and 2 ceased operations for other reasons. This resulted in 1 outlet operating at the end of 2023.
It is important to note the changes in outlet numbers from year to year. For example, the number of 360 Painting outlets in Nebraska decreased from 3 at the beginning of 2023 to 1 by the end of the year. This could be due to various factors, such as market conditions or franchisees choosing to leave the system. A prospective franchisee should investigate the reasons behind these changes to better understand the stability and potential risks associated with operating a 360 Painting franchise in Nebraska.
Tracking outlet data is a common practice in the franchise industry, allowing potential franchisees to assess the growth and stability of a franchise system in specific geographic areas. Reviewing the reasons for outlet closures, as provided in the FDD, can offer valuable insights into the challenges and opportunities within the 360 Painting franchise system. This information can help a prospective franchisee make a more informed decision about investing in a 360 Painting franchise.