OFFICIAL FILING · MN · 2020
360 Painting FDD (Franchise Disclosure Document) — 2020
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). 360 Painting's most recent FDD tracked here was filed in 2020 with the Minnesota Department of Commerce (public CARDS portal) — and because registration-state filings are public records, you can read it free, without giving a broker your phone number.
THE SAME DOCUMENT SITES SELL OR GATE BEHIND LEAD FORMS. FILED 2020 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $60K |
| ITEM 6 | Ongoing royalty | 6.0% of gross sales |
| ITEM 7 | Total initial investment | $99K–$140K |
| ITEM 3 | Disclosed litigation matters | 8 |
| ITEM 4 | Bankruptcy history disclosed | Yes |
| ITEM 19 | Earnings disclosure (FPR) | Yes — median unit volume $368K (In this Item 19, we indicate the historical performance of certain franchisees during calendar year 2019. We have included data only for those franchisees who were open and reported revenues in each month of the year. We have excluded data from any franchisee that opened or closed during the year and did not report revenue for each month. We also have not included data for franchisees who were nominally open for the whole year but did not report any revenue in any month. The data contained in this Item 19 comes from 41 different franchisees who own a total of 51 units (each franchise territory is a unit). As of December 31, 2019, we had 117 units that were open. Franchisees with more than one unit typically report their consolidated revenues. In each of these cases, we have divided the consolidated revenues reported by the franchisees by the number of units owned by that franchisee to arrive at a unit volume.) |
| ITEM 20 | Outlets (fiscal 2019) | 117 franchised at year end · 28 exits (27.7% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — Summit Financial Group, Inc. |
Citation discipline: every figure above is extracted from the 2020 360 Painting FDD as filed and links back to that document. Fields the filing did not state are omitted — nothing here is estimated, surveyed, or filled in from marketing material. FDDs are reissued annually; verify against the current issuance before relying on any number.
360 Painting FDD questions, answered
Where can I download the 360 Painting FDD for free?
360 Painting's 2020 Franchise Disclosure Document is a public record, filed with the Minnesota Department of Commerce (public CARDS portal). It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is 360 Painting's most recent FDD on file?
The most recent 360 Painting FDD tracked here was filed in 2020 with the Minnesota Department of Commerce (public CARDS portal). Franchisors must update their FDD annually, so confirm you are reading the current issuance before signing.
Does 360 Painting's FDD disclose earnings (Item 19)?
Yes — 360 Painting makes a financial performance representation in Item 19 of its 2020 FDD, reporting a median unit volume of $368K. Read the basis fine print: franchisors choose which units and metrics to include.
What does 360 Painting's FDD Item 20 show?
In fiscal 2019, 360 Painting ended with 117 franchised outlets; 28 of 101 open at the start of the year left the system — an annualized exit rate of 27.7% (terminations, non-renewals, and "ceased operations — other reasons").
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing 360 Painting's numbers, including talking you out of a bad deal.
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