Franchising Status
Eligibility for SBA Loan

Overall Rating

Item 19 Financial Disclosures

Transparency of Franchisee Financial Performance

7 /10
This Franchise discloses far more about the financial performance of their franchisees compared to other franchises in the same industry.
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Decorating & Home Design Industry

$433,123 / unit

Franchise Type: Standard

Average Revenue During 2020

$433,123
$262,039
Industry Low
$2,682,512
Industry High

Franchise Summary

Description
The franchise offered is for theestablishment and operation of businesses that provide a full range of painting and wall finishing services for both exterior and interior portions of residences and "light commercial" buildings (a "Unit Franchise").
Company Background
360 Painting is a painting and wall finishing franchise, providing customers with the perfect blend of customer service, product knowledge, process expertise and technology. 360 Painting offers services for both exterior and interior portions of residences as well as light commercial buildings. The company has been in business since 1986 with over 100 units operating across North America.
Franchise Opportunity
Homeowners are often overwhelmed when it comes time to paint their home. The task seems daunting and they're not sure where to start. Painting your home can be a huge project, but it doesn't have to be overwhelming. You could try to do it yourself, but that's often more work than it's worth. Plus, you run the risk of making mistakes that will cost you later on. Hiring a professional painter is the best way to make sure your painting project goes smoothly. 360 Painting has years of experience in painting homes both large and small. We'll take care of everything for you so you can relax and enjoy your new look.
Corporate Structure
360 PAINTING, LLC is a limited liability company formed in the State of Delaware on April 1, 2013. Their principal place of business is 630 Peter Jefferson Parkway, Suite 200, Charlottesville, VA 22911. They are 100% owned by Premium Service Brands, LLC, a Delaware entity formed on January 20, 2015. They and their predecessor 360 Painting Inc. have offered franchises since September 2006.
Investment and Franchisee Fees
The total investment necessary to begin operation of a 360 Painting, LLC franchised business is from $90,455 – $132,500. This includes the $60,000 franchise fee that must be paid to the franchisor.
Royalties and Marketing Fees

Royalties : 6% of Gross Sales You must pay us a minimum royalty of $800 per month after you begin presales even if the franchised business has no business revenue.

Royalties : 2% of Gross Sales

Royalties : $5,000 in each quarter through end of second calendar year of operation; 4% of Gross Sales per year for years three through five.

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Franchise Disclosure Documents

FDD Effective Date

Franchisee Financial Performance

Average franchisee revenue and gross profit relative to industry peers

Accessibility

Net wealth and liquid capital requirements relative to industry peers

Franchisor Reputation

Number of lawsuits and bankruptcies relative to industry peers

Franchisor Financial Health

Revenue and cash of franchisor relative to industry peers

Franchise System Health

Franchisee termination and cessation rate relative to industry peers

Affordability

Investment and franchise fees relative to industry peers

Distribution of 360 Painting Franchisees

360 Painting Franchise System Development in 2018

FAQ

How much investment do I need to start my own 360 Painting business?
Franchisees typically require at least $85,455 to $202,500 investment to get their 360 Painting business started
What are the initial franchise fees for 360 Painting?
Franchisees typically need to pay at least $60,000 in fees directly to 360 Painting in order to earn the right to launch their business
How much money can I make with a 360 Painting franchise? What are the average revenues for a typical 360 Painting business?
We haven’t done the math on how much revenue a typical 360 Painting brings in each year. We estimate that other franchisees in the Professional Services industry generate $433,123 revenue, so we would expect 360 Painting to generate a similar amount
How long do I need to commit to running a 360 Painting unit? What is my contractual commitment?
360 Painting franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

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