How many 360 Painting outlets were operating in Virginia at the start of 2022?
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
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 zero 360 Painting outlets operating in Virginia at the start of 2022. The provided table in Item 20 outlines 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 outlets operating at year end for the years 2022, 2023, and 2024.
For a prospective franchisee, this indicates that 360 Painting was still developing its presence in Virginia at that time. The table shows that two outlets opened in Virginia during 2022, and one ceased operations for other reasons, resulting in three outlets operating at the end of 2022.
This information is valuable for understanding the growth and stability of the 360 Painting franchise in specific regions. A potential franchisee might want to further investigate why there were no outlets at the beginning of 2022 and the reasons behind the changes in outlet numbers in subsequent years to assess the market dynamics and potential risks in Virginia.