In which states were 360 Painting franchise agreements signed but outlets not yet opened?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Franchise Agreements Signed But Outlet Not Opened | Projected New Franchised |
|---|---|---|
| Outlets in the Next Fiscal Year | ||
| Arizona | 2 | 2 |
| Colorado | 1 | 1 |
| Connecticut | 1 | 1 |
| Florida | 8 | 8 |
| North Carolina | 2 | 2 |
| Pennsylvania | 1 | 1 |
| South Carolina | 1 | 1 |
| Texas | 7 | 7 |
| Totals | 23 | 23 |
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, as of December 31, 2024, there were several states where franchise agreements had been signed, but the outlets were not yet open. Specifically, Arizona had 2 such agreements, Colorado had 1, Connecticut had 1, Florida had 8, North Carolina had 2, Pennsylvania had 1, South Carolina had 1, and Texas had 7. In total, there were 23 franchise agreements signed across these states for 360 Painting, but the outlets had not yet commenced operations by the end of 2024.
This situation can arise for various reasons, such as delays in securing suitable business locations, completing necessary training, or obtaining required permits and licenses. For a prospective franchisee, it's crucial to understand the typical timeline from signing the agreement to opening the outlet and to factor in potential delays. It also highlights the importance of having sufficient capital to cover expenses during the pre-opening phase.
It is also important to note that some of the signed, but not yet opened locations, may not yet have a street address of business. In these cases, 360 Painting has provided the city the territory is in. This could indicate that the franchisee is still in the process of securing a physical location for their business.
Prospective franchisees should inquire about the support 360 Painting provides in site selection and pre-opening activities to mitigate potential delays. Understanding the reasons behind these delays in other locations can help new franchisees better prepare and manage their own launch process. Additionally, it would be prudent to investigate whether these signed agreements that have not yet opened are still considered active and in good standing with 360 Painting.