How many 360 Painting outlets were reacquired by the franchisor in South Carolina during 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
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 no reacquired franchises in South Carolina during 2022. The provided table in Item 20 outlines the number of outlets that were reacquired by 360 Painting in each state for the years 2022, 2023, and 2024.
Specifically, the table shows that in South Carolina during 2022, the number of outlets reacquired by the franchisor was 0. This indicates that 360 Painting did not take back any franchise locations in South Carolina during that year.
Prospective franchisees can use this information to understand the stability and performance of franchises in specific regions. A high number of reacquired franchises might indicate potential issues with franchisee success or market conditions, while a low number, as in this case, could suggest a more stable franchise environment.