CHARLOTTESVILLE, VA. – 360° Painting, one of the nation’s fastest-growing residential and commercial painting franchises, has claimed the No. 287 spot on Entrepreneur magazine’s annual Franchise 500® list. Additionally, the company was ranked as the top franchise in the “Painting” category.
Recognized as the world’s first, best and most comprehensive franchise ranking, the 39th annual Franchise 500 recognized 360° Painting for its exceptional performance in areas including unit growth, financial strength and stability, and brand power. More than 1,000 companies were vetted by Entrepreneur’s editorial team for the 2018 ranking.
“This recognition is a true testament to the dedication of our franchisees and corporate team, and further validates our continued efforts to deliver premier painting services to consumers while helping local businesses achieve success,” said Paul Flick, Founder and CEO of 360° Painting. “It’s been an exciting year and we look forward to the continued growth of our franchise system.”
360° Painting improved a remarkable 93 spots since its inaugural ranking in 2017.
“This year’s Franchise 500 ranking features both up-and-comers who bring fresh ideas to an ever-changing industry, as well as savvy stalwarts that have thrived for decades. We are proud to highlight and celebrate them all,” says Jason Feifer, editor in chief of Entrepreneur. “Our results show that the industry is strong – and that the most enduring franchisors are those who learn to balance innovation with reliability. That’s how to attract new customers while keeping the old ones happy.”
Today, 360° Painting has more than 90 locations open and operating throughout the United States and Canada.
The company also has a total active franchise pipeline that stands at 20 locations, all of which are slated to open over the next couple of months. Company plans call for nearly doubling its national footprint by the end 2018.
Including a franchise fee of $60,000 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 at least 300,000 in population.
“Over its 39 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. 360° Painting’s position on the ranking is evidence to our strength as a franchise opportunity,” said Flick.
For more information about 360° Painting’s franchise opportunity, please visit www.360painting-franchise.com.
The full 2018 Franchise 500 ranking was published in the January-February 2018 issue of Entrepreneur magazine and can be found online at www.entrepreneur.com/franchise500.