How often does a 360 Painting franchisee pay the Technology Fee?
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
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 an initial technology fee of $5,000. The FDD does not specify whether this fee is a one-time payment or recurring.
While the document mentions other fees, such as those related to the contact center, it does not elaborate on the frequency or conditions for paying the technology fee beyond its initial assessment. The FDD also discusses the possibility of increased or additional fees in renewed franchise agreements, but it does not directly relate this to the technology fee.
Therefore, prospective 360 Painting franchisees should clarify with the franchisor whether the technology fee is a one-time payment, or if there are any recurring technology-related fees payable during the franchise term or upon renewal. Understanding the full scope of technology costs is essential for accurate financial planning.