How many 360 Painting outlets were reacquired by the franchisor in 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 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | Delaware | 2022 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | District of | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Columbia | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Florida | 2022 | 16 | 2 | 0 | 0 | 0 | 6 | 12 | | | 2023 | 12 | 17 | 0 | 0 | 0 | 3 | 26 | | | 2024 | 26 | 6 | 0 | 0 | 0 | 2 | 30 | | Georgia | 2022 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | | | 2023 | 7 | 1 | 0 | 0 | 0 | 0 | 8 | | | 2024 | 8 | 0 | 0 | 0 | 0 | 1 | 7 | | Idaho | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | Illinois | 2022 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 2 | 0 | 0 | 0 | 0 | 7 | | | 2024 | 7 | 1 | 0 | 0 | 0 | 0 | 8 | | Indiana | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Iowa | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Kansas | 2022 | 2 |
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, a total of 12 outlets were reacquired by the franchisor in 2022. This number is derived from the 'Reacquired by Franchisor' column under the 'Totals' row for the year 2022 in the provided table.
This information is relevant for prospective franchisees as it provides insight into the stability and management of the 360 Painting franchise system. Reacquisition of franchises can occur for various reasons, such as the franchisee's failure to meet performance standards, disputes, or strategic decisions by the franchisor. A higher number of reacquired franchises might indicate potential issues within the franchise system, while a lower number could suggest a more stable and well-managed network.
It's important to note that while the FDD provides this historical data, it doesn't offer specific reasons for each reacquisition. A prospective franchisee should consider this number in conjunction with other factors, such as terminations and non-renewals, and seek clarification from the franchisor regarding the reasons behind franchise reacquisitions to gain a comprehensive understanding of the franchise's health and stability.