360 Painting is a mobile business offering exterior and interior painting services for residential and light commercial buildings. The franchise provides high-quality painting services with a convenient, home-based operation.
Key Insights
- 360 Painting began as a vision to elevate the painting experience, growing from a single location to a national network by focusing on client satisfaction and professional service. The business is built on a foundation of consistent quality and a streamlined operational model that emphasizes communication and reliability for every project undertaken by its franchisees.
- The franchise operates by connecting homeowners and businesses with skilled, vetted painting professionals. Franchisees manage client relationships, project timelines, and team coordination, ensuring a high standard of craftsmanship and service delivery that defines the 360 Painting brand across all its markets.
- The painting and home improvement sector is a robust and consistent market, driven by ongoing demand for both maintenance and aesthetic updates. This industry provides a steady opportunity for growth and recurring business, as property owners continually invest in preserving and enhancing their spaces.
Franchise Fee and Costs to Open
Exploring the financial picture of 360 Painting gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $132,350 - $196,000, along with a franchise fee of $65,000 - $65,000.
Financial Performance and Revenue
Yearly gross sales of $381,769 and estimated earnings of $45,813 - $57,266 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 3.7-5.7 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
360 Painting provides comprehensive training for new franchisees. Initial training spans two weeks and takes place at their headquarters in Virginia Beach, Virginia. This program offers guidance on operational aspects, marketing strategies, and business development. 360 Painting also provides access to a robust network of support and recommended resources to assist franchisees as they build their businesses.
Legal Considerations
Legal considerations for a 360 Painting franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee in the Home & Building Services sector, mirroring a 360 Painting model, may encounter considerations regarding local market saturation. Operational complexity can arise from managing diverse client needs and project timelines efficiently. Furthermore, reliance on specific supply chains for materials or specialized equipment introduces potential variability impacting project execution and client satisfaction.
Franchise Datasheet
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