The franchise offered is for the establishment and operation of a recruiting business specializing in providing management candidates to the retail, restaurant and hospitality industry according to the System and under the Marks.
Company Background
Patrice & Associates is a boutique executive search firm that provides management candidates to the retail, restaurant and hospitality industry. With over 25 years of experience in the industry, we've seen it all. We know what works and what doesn't. Our clients come from all different types of backgrounds and industries with one thing in common: they need top talent for their business.
Franchise Opportunity
The retail, restaurant and hospitality industry is constantly searching for the best management candidates, but this process can be difficult and time-consuming. Sifting through countless resumes, interviewing potential candidates, and checking references can be incredibly time consuming and frustrating. You need a better way to find the perfect candidate for your business. Patrice & Associates has the perfect solution- our System. Our System provides a streamlined process that quickly identifies qualified management candidates according to your specific needs. We have successfully placed over 10,000 managers in the retail, restaurant and hospitality industry, so you know you're in good hands.
Corporate Structure
Patrice & Associates Franchising, Inc. incorporated in Maryland on May 2, 2008 to offer Patrice & Associates franchises. Their principal business address is 10020 Southern Maryland Blvd, Suite 100, Dunkirk, Maryland 20754.
Royalties and Marketing Fees
Royalties : 10% of Gross Sales
Royalties : 2% of Gross Sales
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Higher
than the % in the Personnel Services industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Type
Investment
Fees
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Patrice & Associates Franchisees
Patrice & Associates Franchise System Development in 2021
FAQ
How much investment do I need to start my own Patrice & Associates business?
Franchisees typically require at least
$86,050 to
$88,750 investment to get their
Patrice & Associates business started
What are the initial franchise fees for Patrice & Associates?
Franchisees typically need to pay at least
$75,000 in fees directly to
Patrice & Associates in order to earn the right to launch their business
How much money can I make with a Patrice & Associates franchise? What are
the average revenues for a typical Patrice & Associates business?
We haven’t done the math on how much revenue a typical
Patrice & Associates brings in each year. We estimate that other
franchisees in the Professional Services industry generate
$0 revenue, so we would expect
Patrice & Associates to generate a similar amount
How long do I need to commit to running a Patrice & Associates unit? What
is my contractual commitment?
Patrice & Associates franchisees are typically required to sign up to a
5 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
9 /10
The Franchisor's investment costs ranges from
$86,050 to $88,750
which is
Much Lower
than the $127,822 to $218,128 average in the Personnel Services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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