What is the minimum renewal fee for a 360 Painting franchise?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
ion: (a) additional fees and/or an increase in any or all Continuing Fees (as such term is hereinafter defined), (b) a change in the size or composition of the Protected Territory, (c) the renewal Franchise Agreement shall only provide for the number of additional renewal terms called for by this Agreement, and (d) mandatory minimum
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, franchisees must pay a renewal fee to extend their franchise term. The renewal fee is calculated as the greater of two amounts: 25% of the then-current franchise fee or $15,000.
Based on the FDD, the initial franchise fee is $65,000. Therefore, if the franchise fee remains the same at the time of renewal, 25% of the franchise fee would be $16,250.
Since the renewal fee is the greater of 25% of the current franchise fee or $15,000, the minimum renewal fee would be $16,250. However, the FDD also states that the new franchise agreement may include additional fees or an increase in any or all continuing fees. It is important to note that the franchisee must also complete any maintenance, updating, and remodeling to reflect the current image and standards of 360 Painting.