For 360 Painting, in which state did an outlet cease operations for 'other reasons' in 2022?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| Tennessee | 2022 | 3 | | | 2023 | 0 | | | 2024 | 0 | | Texas | 2022 | 1 | | | 2023 | 2 | | | 2024 | 4 | | Virginia | 2022 | 0 | | | 2023 | 2 | | | 2024 | 0 | | Totals | 2022 | 12 | | | 2023 | 7 | | | 2024 | 10 | | State | Year | Outlets Operating at Start of Year | Outlets Opened | Termin ations | Non Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets Operating At Year End | |-------------|------|---------------------------------------------|-------------------|------------------|-----------------|--------------------------------|------------------------------------------|----------------------------------------| | Connecticut | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | Delaware | 2022 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | District of | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Columbia | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–56)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, several states experienced outlets ceasing operations for 'other reasons' during 2022. Specifically, Delaware had 1 outlet closure, Florida had 6, Iowa had 1, Oregon had 1, Pennsylvania had 1, Texas had 3, Utah had 2, and Virginia had 1 such closure.
This information is crucial for potential franchisees as it provides insight into the stability and potential challenges within the 360 Painting franchise system across different regions. Understanding why outlets cease operations, especially for reasons other than termination or non-renewal, can highlight underlying issues such as market saturation, operational difficulties, or economic factors affecting specific locations.
Prospective franchisees should investigate these 'other reasons' further to assess the risks and opportunities associated with investing in a 360 Painting franchise in a particular state. This due diligence can involve speaking with current and former franchisees, researching local market conditions, and seeking clarification from the franchisor regarding the specific circumstances leading to these closures. This will allow them to make informed decisions.