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Description

How To Open a 360 Painting Franchise?

To start your journey as a 360 Painting franchisee, you'll need to complete a franchise application. Once approved, you will undergo a comprehensive training program lasting around three weeks. After training, you must establish your business within a designated area known as the Protected Territory, which consists of 50,000 to 80,000 single-family homes. Your operations will primarily be home-based and may include using a mobile unit for service delivery.

What Might Make a 360 Painting Franchise a Good Choice?

Conducting thorough research is crucial before investing in a 360 Painting franchise. This includes evaluating the local market for painting services and understanding your financial readiness for an initial investment, which ranges from $101,350 to $145,000. This figure includes a franchise fee of approximately $70,000. Additionally, ongoing costs such as royalties, marketing fees, and potential renewal fees must be considered. The brand offers strong support and a structured system, which can be advantageous for new franchisees.

Why You May Want to Start a 360 Painting Franchise?

360 Painting specializes in providing high-quality residential and light commercial painting services. Their business model emphasizes quality workmanship and customer satisfaction, making them a competitive player in the market. If you have a passion for home improvement and customer service, this franchise could be a fulfilling opportunity. You will receive training and ongoing support, which helps in building your business while adhering to their established standards.

Is Owning a 360 Painting Franchise the Right Move for You?

The painting industry is competitive but offers a significant market opportunity due to the constant demand for home and commercial maintenance. 360 Painting has been franchising since 2013 and currently operates in various territories across the U.S. If you have a strong work ethic and are committed to providing excellent service, this franchise may be a great fit for you. Assess your skills, local market, and financial situation to determine if this franchise aligns with your business goals.

360 Painting Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Home Based Franchises
A more specific division within the broader industry.

Category

Home Repair Services
Available financing options to help start the franchise.

Funding Year

2013
The main organization that owns the franchise brand.

Parent Company

Premium Service Brands
The key individuals guiding the franchise’s strategy and growth.

Leadership

Paul Flick
The official business address of the franchisor’s headquarters.

Corporate Address

630 Peter Jefferson Parkway, Suite 200, Charlottesville, Virginia 22911
The total amount required to launch the franchise.

Initial Investment

$101,350 - $145,000
The initial fee paid to join the franchise system.

Franchise Fee

$65,000
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

6%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

2%
The minimum liquid capital you must have on hand.

Cash Required

$101,350 - $145,000
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$100,000 - $200,000
The typical yearly revenue generated per franchise location.

Average Revenue

$597,781
The middle value of yearly revenue among franchise locations.

Median Revenue

$495,633
The smallest reported annual revenue among franchisees.

Lowest Revenue

$60,128
The largest reported annual revenue among franchisees.

Highest Revenue

$2,688,688
The estimated timeframe to recover your initial costs.

Breakeven Time

12 Months
The estimated period to recoup your total investment.

Investment Payback

24 Months

360 Painting Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

160
The number of locations owned by independent franchisees.

Franchised Units

160
The number of locations owned and run by the franchisor.

Corporate Units

0
Units 2021 2022 2023
Total Units 124 140 160
Net Change YoY 16 20
Franchised Units 124 140 160
Net Change YoY 16 20
Corporate Units 0 0 0
Net Change YoY 0 0

Company Background

360 Painting, LLC is a Delaware-based company established in April 2013, specializing in home-based and mobile painting services. The company provides a comprehensive range of painting and wall finishing services for both residential and light commercial properties. As of December 31, 2023, 360 Painting operates with 132 franchisees across 160 territories in the United States, offering a strong support system and recognized brand identity to its franchisees.

Franchise Opportunity

Investing in a 360 Painting franchise offers a unique opportunity to enter the home services market with a focus on painting and decorating. The total investment required to start a franchise ranges from $101,350 to $145,000, which includes an upfront fee of approximately $70,000 payable to the franchisor. Franchisees benefit from a proven business model, comprehensive training, and ongoing support, positioning them for success in their local markets.

Corporate Structure

360 Painting, LLC operates under the ownership of PSB Group, LLC, which is a part of Premium Service Brands, LLC. The company is solely focused on franchising the 360 Painting brand and does not engage in any other lines of business. Its principal office is located in Charlottesville, Virginia, where it manages franchise operations and provides support to its franchisees.

Royalties

Franchisees of 360 Painting are required to pay a royalty fee of 6% of their gross sales. This fee contributes to the national advertising fund and the support services provided by the franchisor. Additionally, franchisees must budget for any local advertising contributions as specified in their franchise agreements.

Company Mission

The mission of 360 Painting is to deliver high-quality painting and wall finishing services while ensuring customer satisfaction through professionalism and reliability. The company aims to build lasting relationships with clients by providing exceptional service and fostering a positive brand experience in every project.

Brand Story

360 Painting was founded with the vision of creating a mobile service model that meets the growing demand for home improvement solutions. The brand quickly gained recognition for its commitment to quality and customer service. Through strategic growth and a focus on franchise development, 360 Painting has established itself as a trusted name in the painting industry, continuing to expand its footprint across the United States.

Frequently Asked Questions

The estimated initial investment for a 360 Painting franchise ranges from approximately $101,350 to $145,000. This includes costs such as the franchise fee, equipment, supplies, and other startup expenses .