How many 360 Painting outlets were operating in South Carolina 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 4 outlets operating in South Carolina at the end of 2024. At the start of 2024, there were 4 outlets. During 2024, one new outlet opened, but one outlet also terminated its franchise agreement. This resulted in a net of 4 outlets operating at the end of the year.
For a prospective franchisee in South Carolina, this indicates a relatively stable market presence for 360 Painting. While there was some growth with a new outlet opening, the termination of another suggests potential challenges or market dynamics to consider. It would be prudent to investigate the reasons behind the termination to better understand the local market conditions.
It's important to note that franchise performance can vary significantly by location. While the overall number of outlets remained constant, the opening and closing of individual franchises could reflect factors such as local competition, economic conditions, or franchisee performance. Prospective franchisees should conduct thorough due diligence, including speaking with current and former franchisees in South Carolina, to gain a comprehensive understanding of the market.