What were the total franchise sales fees for 360 Painting in 2023?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchises as of December 31, 2023 | Sold during the year | |
|---|---|---|
| 360 Painting | 160 | 60 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to 360 Painting's 2025 Franchise Disclosure Document, specific financial data regarding franchise sales fees for the year 2023 is not explicitly detailed. However, the document does provide the number of franchises as of December 31, 2023, and the number of franchises sold during the year 2023.
Specifically, the FDD states that 360 Painting had 160 franchises as of December 31, 2023, and sold 60 franchises during that year. The initial franchise fee is listed elsewhere in the document as $65,000 and the initial technology fee is $5,000. Without more detailed financial information, it is not possible to calculate the total franchise sales fees for 2023.
A prospective franchisee should inquire directly with 360 Painting about the total franchise sales fees collected in 2023. This information would provide a clearer picture of the company's financial performance and growth during that period.