What was the total revenue for 360 Painting in 2022?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit B to this disclosure document contains the audited consolidated financial statements of our affiliate, Premium Service Brands, LLC and Subsidiaries, as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022.
Our separate financial statements are not included in this disclosure document. Should we fail to fulfill our duties and obligations to our franchisees under their franchise agreements, Premium Service Brands, LLC absolutely and unconditionally guaranteesto assume those duties and obligations. Copies of the Guarantees of Performance by Premium Service Brands, LLC are included in Exhibit B.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, the audited consolidated financial statements of Premium Service Brands, LLC and Subsidiaries, which includes 360 Painting, are available as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022. These statements are in Exhibit B of the FDD.
However, the FDD does not include separate financial statements for 360 Painting itself. Instead, the financial statements provided are for Premium Service Brands, LLC and its subsidiaries as a whole. Premium Service Brands, LLC guarantees the obligations of 360 Painting to its franchisees.
Therefore, a prospective franchisee cannot determine 360 Painting's individual revenue from the information provided. They should consider requesting these specific financial details during their due diligence to assess the brand's financial performance independently from its parent company.