- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$101K - $145K
- Units as of 2022
140 5.3% over 3 years
Founded in 2005, 360 Painting began franchising the following year. The company has risen to become a well-known name in the residential and commercial painting industry. It has more than 100 locations throughout the United States and is seeking to continue to grow.
This franchise has a quality value and customer-first approach to its work. They believe that working closely with customers to achieve their goals has continuously helped them exceed their expectations. They also love to accommodate their customers, making sure their painting needs are completed on time and within budget.
Franchisees looking to work with 360 Painting may have an edge over their competitors’ given the brands’ recognition, stability, and service history.
Why You May Want to Start a 360 Painting Franchise
As a franchisee, you will be able to tap into a market that sees people constantly repainting and remodeling their personal and professional spaces.
Unlike other home improvement industry players, 360 Painting offers comprehensive training programs that will help you properly position your business. Additionally, your franchise can be home-based. This means that the company's relatively low cost of entry could lower your overhead and operational costs. To maintain their standards of service and quality of materials, 360 Painting has third-party relationships that you can benefit from as a franchisee. These third-party sources may help you cover costs associated with the franchise fee, startup costs, equipment, inventory, and payroll.
As a franchisee, you may receive access to the 360 Painting franchise in-house customer call center. Other benefits include a franchise-dedicated business coach in place to provide one-on-one business consultation. You can also attend an annual national convention to continually sharpen your skills and deepen your relationships in the industry.
What Might Make 360 Painting a Good Choice?
If you invest with this company, you get an exclusive territory, meaning that another 360 Painting location will not be opened too close to your franchise. When seeking to open a 360 Painting franchise, be prepared to make a financial investment. Your initial investment cost will include a franchise fee and cater to expenses like insurance, business licensing, advertising, supplies, and vehicle expenses. In addition, you should be prepared for ongoing fees that will include royalty fees, advertising fees, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
Besides the beginners' cost, this franchise opportunity can come with support and training in sales, marketing, and recruitment of employees and subcontractors. They might also walk you through the process of using business management software, painting techniques, and technology.
How to Open a 360 Painting Franchise
360 Painting franchise coaches are usually available to answer all the questions you may have concerning business models, recruitment and management operations, and marketing. You can start your 360 Painting journey by providing standard details about yourself, your investment capability, and the location where you're interested in opening a 360 Painting franchise.
If you are chosen to progress with 360 Painting and are satisfied with the details, you may be ready to sign the final agreement. You will also attend a multi-week training. Then, you will be ready to launch your 360 Painting franchise.
About 360 Painting
- Franchising Since
- 2006 (2023-2006 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
This company is offering new franchisees in the following international regions: Canada
- # of Units
- 140 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a 360 Painting franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $101,350 - $145,000
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
- $100,000 - $200,000
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 10% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- 360 Painting has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 4 hours
- Classroom Training
- 76 hours
- Ongoing Support
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Ad TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like 360 Painting? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where 360 Painting landed on this year's Franchise 500 Ranking versus previous years.
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