What is the method of payment required for the initial franchise fee for a 360 Painting franchise?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
.gov/archive/ll/highlights.htm), U.S. Executive Order 13224 (currently located at https://www.treasury.gov/resourcecenter/sanctions/Documents/13224.pdf) or any similar laws; and (iii) Franchisee and each Owner shall immediately notify Franchisor in writing of the occurrence of any event or the development of any circumstance that might render any of the foregoing representations and warranties false, inaccurate or misleading.
[Completed and executed on the following page]
IN WITNESS WHEREOF, each of the undersigned has executed this Franchise Agreement under seal as of the Effective Date.
| FRANCHISOR: 360 PAINTING, LLC | FRANCHISEE: | |||
|---|---|---|---|---|
| [Name of Entity or Individual] | ||||
| By: | By: | |||
| Name: Paul Flick Title: CEO | Name: Title: | |||
| Date of Acceptance: |
**TO FRANCHISE AGRE
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, the initial franchise fee is $65,000 and the initial technology fee is $5,000. The document does not specify the method of payment required for these fees.
As the FDD does not state the acceptable methods of payment for the initial franchise fee, prospective franchisees should clarify this with the franchisor. Understanding the accepted payment methods is crucial for budgeting and financial planning.
It is important to confirm whether 360 Painting accepts various forms of payment such as cashier's checks, wire transfers, or financing options. This information will help potential franchisees prepare the necessary funds and ensure a smooth transaction when signing the franchise agreement.