How much goodwill was acquired by 360 Painting through the acquisition of Window Gang?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
llows:
| 2025 | $ 1,492,392 |
|---|---|
| 2026 | 1,492,392 |
| 2027 | 1,492,392 |
| 2028 | 1,491,411 |
| 2029 | 1,487,316 |
| Thereafter | 3,977,202 $ 11,433,105 |
Goodwill
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, 360 Painting's parent company, Premium Service Brands, acquired Window Gang in May 2023. The FDD indicates that $1,635,000 in goodwill was recorded due to the acquisition of Window Gang. This goodwill relates to intangible assets that do not qualify for separate recognition and is expected to be deductible for tax purposes. The acquisition was part of Premium Service Brands' strategy to expand its presence in the home services franchising platform.
Goodwill, in this context, represents the intangible assets acquired that are not separately identifiable, such as brand reputation or customer relationships. The fact that this goodwill is considered deductible for tax purposes could provide a financial benefit to the company.
For a prospective 360 Painting franchisee, this acquisition demonstrates the parent company's strategic efforts to grow and diversify its portfolio of franchise brands. While the goodwill itself may not directly impact day-to-day operations, it reflects the overall financial strategy and investment decisions of Premium Service Brands, which could indirectly influence the resources and support available to 360 Painting franchisees.