Entrepreneur Magazine Ranks 360° Painting Among Top 100 Franchises for Less Than $100,000 in 2020

Investing in a franchise doesn’t have to be a bank buster, and Entrepreneur Magazine has compiled the best franchises opportunities with initial investments of $100,000 or less. Each brand is ranked based on the scores they received in Entrepreneur's 2020 Franchise 500 ranking. According to their website, “More than 1,100 companies applied for this year's ranking, and those that rose to the top reveal the latest trends as well as the companies that continue to evolve to keep going strong year after year.”

The rankings consist of five pillars. Some key factors that go into their evaluation include:

• Costs and Fees
• Support
• Size and Growth
• Brand Strength
• Financial Strength and Stability

Costs and fees include:

• Franchise fee
• Total investment
• Royalty fees Support includes:
• Training times
• Marketing and operational support
• Franchisor infrastructure
• Financing availability
• Litigation Size and growth includes:
• Open and operating units
• Growth rate
• Closures Brand strength includes:
• Social media
• System size
• Years in business
• Years franchising Lastly, Financial strength and stability includes franchisor's audited financial statements. Pillars and factors are not listed in order of importance.

Startup costs for residential and commercial painting franchise 360° Painting, fall between $90,500 and $132,500. There are currently 133 franchise locations. The brand was ranked 31st among the Top 100 Franchises for Less Than $100,000, but has continued to rank number one against all other painting franchises since year 2017.