Is there a one-time technology fee for a 360 Painting franchise?
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 | Up |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–23)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, there is a one-time technology fee of $5,000 payable to 360 Painting before opening the business. This fee is part of the estimated initial investment, as detailed in Item 7. The method of payment is arranged, and the fee is due before opening. 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 'Equipment & Supplies'.
The technology fee is a mandatory expense, unlike the grand opening advertising costs, which are optional. It's important for prospective franchisees to factor this $5,000 fee into their initial investment calculations. The FDD specifies that this fee is paid directly to 360 Painting, indicating it likely covers access to proprietary software, platforms, or other technology resources provided by the franchisor.
Prospective franchisees should inquire with 360 Painting about what specific technology resources and support are included in this $5,000 fee. Understanding the value and functionality of these resources will help franchisees assess the overall cost-benefit of the franchise. It is also important to understand if there are any ongoing technology fees in addition to this one-time fee.