For 360 Painting, in which state did an outlet cease operations for 'other reasons' in 2023?
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 |
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 2023. Specifically, Delaware, Florida, Indiana, and Texas each had outlets that ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor.
In Delaware, one 360 Painting outlet ceased operations for other reasons in 2022, but none in 2023. Florida saw three outlets cease operations for other reasons in 2023. Indiana had one outlet cease operations for other reasons in 2023. Texas saw three outlets cease operations for other reasons in 2023.
This information is crucial for potential franchisees as it provides insight into the stability and potential challenges within the 360 Painting franchise system in different regions. Understanding the reasons behind these closures, if possible, could further inform a franchisee's decision-making process. It is important to note that 'other reasons' is a broad category, and further investigation may be needed to understand the specific circumstances leading to these closures.