How many 360 Painting outlets in Tennessee 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
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 3 outlets in Tennessee that were reacquired by the franchisor in 2022. This information is based on the table outlining outlet information, which includes the state, year, and number of outlets reacquired by 360 Painting.
This data point is important for prospective franchisees as it provides insight into the stability and performance of existing franchises within the 360 Painting system. A high number of reacquired franchises could indicate potential issues with franchisee success or support. Conversely, a low number, as is the case in Tennessee for 2023 and 2024, might suggest a healthy franchise network.
It is important to note that reacquisition does not inherently indicate failure. 360 Painting may reacquire a franchise for various reasons, such as a franchisee's decision to retire or pursue other opportunities. However, it is a metric that prospective franchisees should consider when evaluating the overall health and stability of the 360 Painting franchise system. Reviewing this data over several years can provide a more comprehensive understanding of franchise performance and potential risks.