When did Neighborhood Barre Franchising, LLC become an affiliate of 360 Painting?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
Although not associated with our parents PSB Group, PSB or AE Capital, another affiliate through common control with our Chief Executive Officer is Neighborhood Barre Franchising, LLC ("Neighborhood Barre"), which is the franchisor of fitness and workout studio businesses that operate under the name "Neighborhood Barre". Neighborhood Barre's principal place of business is at 126 Garrett St., Suite J, Charlottesville, VA 22902. Neighborhood Barre became our affiliate following an acquisition that closed on August 5, 2024. Neighborhood Barre has been offering franchises since August 5, 2024 and does not offer franchises in any other line of business and does not engage in any other line of business, but it does own or operate 1 company-affiliated Neighborhood Barre business. Neighborhood Barre's predecessor,
Barre Skinny, LLC, franchised the Neighborhood Barre system from July 2014 to August 2024. As of December 31, 2024, there were 21 Neighborhood Barre franchisees in the U.S. operating 21 franchised businesses and 1 company-affiliated Neighborhood Barre business.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 8–12)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, Neighborhood Barre Franchising, LLC became an affiliate of 360 Painting following an acquisition that closed on August 5, 2024. Neighborhood Barre is the franchisor of fitness and workout studio businesses operating under the name "Neighborhood Barre".
This means that 360 Painting has a business relationship with Neighborhood Barre, although they are not directly related through parent companies. Instead, they are affiliates through common control with their Chief Executive Officer. This affiliation could potentially lead to shared resources, expertise, or cross-promotional opportunities, but the FDD does not elaborate on these aspects.
The 360 Painting FDD specifies that Neighborhood Barre has been offering franchises since August 5, 2024. As of December 31, 2024, there were 21 Neighborhood Barre franchisees operating 21 franchised businesses and 1 company-affiliated Neighborhood Barre business. This information provides context about the size and scope of Neighborhood Barre's franchise operations at the time it became an affiliate of 360 Painting.