360 Tour Designs franchise
2022 filing · May 20, 2022Shares sales figures
360 Tour Designs at a glance
A real estate and property imagery business producing virtual tours, photos and marketing media for residential and commercial properties. At the end of 2021 there were 18 360 Tour Designs locations in the US, 15 franchised and 3 company-owned.
The business
- Franchisor
- 360 Tour Designs Franchising, LLC
- The company that sells the franchises
- Franchising since
- 2019
- 3 years of selling franchises
- Franchisor based in
- Mechanicsburg, Pennsylvania
What you pay
- Cost to open
- $45K–$56K
- Fee, build-out and opening working capital
- Franchise fee
- $23,000
- For a territory of up to 500,000 people
- Royalty
- 7%–9%
- 7% to 9% of gross revenue depending on the amount, paid monthly, plus $50 a month to the brand fund
- Brand fund
- Yes
- $50 a month, rising 10% a year
- Agreement length
- 5 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2021
- 18
- Franchised and company-owned
- Franchised
- 15
- Company-owned
- 3
- States
- 7
- Most in Pennsylvania, Indiana and Colorado
From 360 Tour Designs Franchising, LLC’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
360 Tour Designs among all franchises with the same figure.
| Figure | 360 Tour Designs | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $50,415 | Costs less than 97% of franchises |
| Franchise feePaid once, when you sign | $23,000 | Lower than 89% of franchises |
| RoyaltyShare of sales paid to the franchisor | 9% | Higher than 94% of brands with a set rate |
| US locationsFranchised and company-owned | 18 | Fewer than 52% of franchises |
How much a 360 Tour Designs franchise costs
Opening one 360 Tour Designs costs an estimated $44,780 to $56,050. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the franchises under $50K.
Source: 360 Tour Designs Franchising, LLC, 2022 filing, page 17
360 Tour Designs franchise fee
The franchise fee is $23,000, for a territory of up to 500,000 people. You pay it when you sign the franchise agreement.
Source: 360 Tour Designs Franchising, LLC, 2022 filing, page 9
Royalty and ongoing fees
| Royalty | 7% to 9% of gross revenue depending on the amount, paid monthly, plus $50 a month to the brand fund. |
|---|---|
| Brand or marketing fund | $50 a month, rising 10% a year. |
| Software/Applications Fees | $90 monthly, subject to increase |
| Required Minimum Expenditure for Local Marketing and Advertising | At least $50 per month on local advertising and marketing. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: 360 Tour Designs Franchising, LLC, 2022 filing, pages 9 and 10
Other fees as filed, from page 10. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures 360 Tour Designs publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average revenue
- $215,397
- Median revenue
- $143,189
Yearly figures for 2021, per franchisee, nine franchisees (one to five territories each) open all of 2021. The average and median are worked out from each location's sales as listed in the filing.
Sales are what the business takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: 360 Tour Designs Franchising, LLC, 2022 filing, page 41
How 360 Tour Designs compares
Of the 95 real estate franchises on this site, 360 Tour Designs is the 30th cheapest to open and the 64th largest by number of locations.
| Figure | 360 Tour Designs | Typical real estate brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $45K | $69K | $222K |
| Cost to open, high end | $56K | $244K | $477K |
| Franchise fee | $23K | $35K | $40K |
| Royalty | 9% | 6% | 6% |
| US locations | 18 | 67 | 21 |
| Change in franchised locations, 0 yrs | +650% | +1.4% | – |
| Shares earnings figures | Yes | 40 of 95 | 2,147 of 3,352 |
Typical is the median across the 95 brands in real estate franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2019 | 4 (+2) | 1 |
| 2020 | 10 (+6) | 3 |
| 2021 | 15 (+5) | 3 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: 360 Tour Designs Franchising, LLC, 2022 filing, page 42
Where 360 Tour Designs locations are
At the end of 2021, 360 Tour Designs had locations in 7 states. The most are in Pennsylvania, Indiana and Colorado.
- Pennsylvania6
- Indiana5
- Colorado3
- Maryland1
- Utah1
- Virginia1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Pennsylvania | 3 | 3 | 6 |
| Indiana | 5 | 0 | 5 |
| Colorado | 3 | 0 | 3 |
| Maryland | 1 | 0 | 1 |
| Utah | 1 | 0 | 1 |
| Virginia | 1 | 0 | 1 |
| Washington | 1 | 0 | 1 |
Source: 360 Tour Designs Franchising, LLC, 2022 filing, page 43
Who owns 360 Tour Designs?
360 Tour Designs franchises are sold by 360 Tour Designs Franchising, LLC.
From 360 Tour Designs Franchising, LLC’s 2022 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 8. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: 360 Tour Designs Franchising, LLC, 2022 filing, litigation on page 8, bankruptcy on page 9
360 Tour Designs filings
The figures on this page come from 360 Tour Designs Franchising, LLC’s 2022 filing, issued May 20, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | May 20, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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