According to 360 Painting's 2025 Franchise Disclosure Document, the total prepaid expenses and other current assets were $3,666,212 in 2024 and $2,486,419 in 2023. This means that the total prepaid expenses and other current assets were $1,179,793 higher in 2024 than in 2023.

Breaking down the prepaid expenses, the FDD states that prepaid expenses were $2,463,690 in 2024 and $1,324,609 in 2023. This means prepaid expenses were $1,139,081 higher in 2024 than in 2023. Prepaid commissions were $1,118,849 in 2024 and $985,918 in 2023, making them $132,931 higher in 2024. Other current assets were $75,000 in 2024 and $161,345 in 2023, making them $86,345 lower in 2024.

For a prospective franchisee, this indicates an increase in the company's investment in future benefits, such as insurance premiums, rent, or advertising. Prepaid expenses are initially recorded as assets and then expensed over time as the benefits are realized. The increase could reflect 360 Painting's growth and expansion, requiring more upfront investments. Franchisees may want to inquire about the specific components of these prepaid expenses to understand the underlying business activities and how they might impact their own operations.

It's important to note that these figures are from the consolidated financial statements of Premium Service Brands, LLC and Subsidiaries, which includes 360 Painting. While these statements provide an overview of 360 Painting's financial health, prospective franchisees should also request more specific financial information related directly to the 360 Painting franchise system to assess its individual performance and stability.