360° Painting is again one of the top franchises in the world, securing the No. 1 painting franchise distinction on Entrepreneur magazine’s 40th annual Franchise 500® list and the No. 265 ranking overall.
Since its debut in 2017, 360° Painting has climbed 115 spots in the rankings. It has now been on this coveted list for three consecutive years and has been awarded best in category for two years running.
“In today’s market, where people are constantly remodeling and redecorating their homes and businesses, the painting industry continues to grow. We’ve successfully tapped into this growing market and have quickly established ourselves as the top painting franchise in the business,” said Paul Flick, Founder and CEO of 360° Painting. “This recognition is a true testament to the dedication of both our corporate team and our franchisees and further validates our continued efforts to deliver premier painting services to consumers while helping local businesses achieve success.”
What Is the Franchise 500 List?
Placement in the Franchise 500® is a highly sought-after honor in the franchise industry, as evidenced by Entrepreneur receiving more than 1,000 applications this year, making it one of the company’s most competitive rankings ever. The key factors in the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability.
Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“As we celebrate 40 years of producing the Franchise 500, it’s a good opportunity to step back and look at how much has changed since that first ranking in 1980,” said Jason Feifer, editor-in-chief of Entrepreneur. “While the franchise business model has changed little, the strongest franchise brands are constantly evolving and innovating to keep up with changing trends and technology.”
Find thefull 2019 Franchise 500® ranking published in Entrepreneur’s January/February issue.
The History of the 360° Painting Franchise
Founded in 2005 and franchising since 2006, 360° Painting prides itself as the go-to resource for all things commercial and residential painting, including residential interior and exterior painting, commercial painting (i.e., commercial properties, homeowners associations, shopping centers, universities, schools, offices, restaurants, hospitals, municipal buildings, and more), deck painting and staining, fence painting and staining, concrete staining, garage floors, and other property services.
360° Painting’s network has grown to include 85 franchisees in 34 states and two Canadian provinces. Looking ahead to 2019, 360° Painting plans to focus its attention on multi-unit expansion, and Flick expects as many as 40 new franchisees to join the brand by the end of the year.
“In the fractured home-improvement market, working with an established and recognized franchise like 360° Painting gives small business owners the power to outpace their competition,” added Flick. “It’s been an exciting few years, and we look forward to the continued growth of our franchise system.”
How Much Does It Cost to Open a Painting Franchise with 360° Painting?
Including a $60,000 franchise fee, the initial investment to open a 360° Painting franchise ranges from $76,655 to $123,700. Each franchisee owns an exclusive territory with a minimum of 30,000 households with incomes over $75,000 per year and a population of at least 300,000.
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