To whom is the 360 Painting technology fee payable?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
an>ITEM 7: ESTIMATED INITIAL INVESTMENT
| Type of | Amount | Method of | When Due | To Whom |
|---|---|---|---|---|
| Expenditure | Payment | Payment is Made | ||
| Franchise Fee(1) | $65,000 | Wire | Upon Signing | Us |
| Vehicle(2) | $1,500 - $5,000 | As Arranged | Before Opening | Lessor |
| Real Estate and/or |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–23)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, the technology fee is payable to the franchisor, referred to as "Us" in the document. This one-time fee of $5,000 is due before the franchisee opens their 360 Painting business.
This technology fee is part of the initial investment a franchisee must make to start the business. It is important for prospective franchisees to understand that this fee is separate from other technology-related expenses, such as those for job estimating and proposal software, computers, monitors, and printers, which are included under the "Equipment & Supplies" category. These additional technology costs are estimated to be between $1,250 and $4,500.
Franchisees should budget accordingly for this technology fee, ensuring they have the necessary funds available before opening their 360 Painting franchise. It is also crucial to clarify with 360 Painting what specific technology and support are provided in exchange for this fee to fully understand its value and how it contributes to the business operations.