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Patrice & Associates

Hospitality, executive search, retail, and sales recruiting

Investment

$105,100

Initial Franchise Fee

$65,000

Units

200

Growth Rate

-2%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Business Services
Founded 1989
Franchising Since 2008
Parent Company Patrice Franchising LLC
Leadership Jason Miller, CEO
# of Employees at HQ 7
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Units and Growth Chart

About Patrice & Associates

Patrice & Associates鈥 goal is to match candidates and employers with the 鈥渞ight fit鈥 while maintaining professional standards and considering every party's interest.

The company was founded in 1989 and began franchising in 2008. Since then, Patrice & Associates Franchising has expanded to include more than 150 franchises, 15 regional directors, and 350 recruiters in the US and Canada. One of the most prominent benefits of franchising with Patrice & Associates is that they offer franchisees and recruiters the flexibility to work without boundary restrictions. Partners can move across states and still have one point of contact for their job-seeking and recruitment needs.

Looking at their growth and development over time, it's clear that Patrice & Associates seems to have a time-tested track record of industry knowledge. It also seems to have an edge on locating smart and resourceful candidates for its clients.

Why Should You Start a Patrice & Associates Franchising?

Investing in a Patrice & Associates franchise can be rewarding for a self-disciplined and ambitious franchisee. Besides the low startup costs, the business model allows you to start as a home-based franchise and expand into an office at a time and location of your convenience. They also do not require franchisees to sign lease agreements.

If you partner with Patrice & Associates, you will operate in a durable industry that will grow steadily over the next few years. This may allow you to cap your operation costs, keeping your overhead lower. 

As one of the most respected firms in the hospitality industry, Patrice & Associates has negotiated contracts with some of the top brands in the US and Canada, providing job orders for you when you start your franchise.

Is a Patrice & Associates Franchise a Good Investment?

To invest in a Patrice & Associates franchise, you will need an initial franchise fee and an adequate net worth. Some of the costs covered by this fee might include subscription and business licensing fees, legal and accounting fees, annual contracts with one of the approved suppliers, and a training fee.

The comprehensive training package typically includes a week of virtual training, a week of hands-on training at the company's headquarters in Maryland, and a 60-day mentor program with a senior franchisee. Other additional investments could include transportation and lodging for the training and memberships to your local chamber of commerce and state restaurant association.

Whether you are a first-time business owner or an experienced entrepreneur, the Patrice & Associates training programs advance your skills and cement your business in your community. 

How to Start a Patrice & Associates Franchise

To start your journey as a Patrice & Associates owner, you鈥檒l want to begin by evaluating your location to see if your target audience is in your area. 

You鈥檒l want to take a closer look at your available funds, and the potential timeline for establishing your business. As a part of the process, you鈥檒l usually be able to chat with a representative who can walk you through business strategy, costs, and legal requirements. 

Investment Details

Initial Franchise Fee $65,000
Initial Investment $105,100 - $121,050
Net Worth Requirement $100,000
Cash Requirement
Royalty Fee 10%
Ad Royalty Fee 2%
Technology Fee $350/mo.
Term of Agreement 5 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive 10% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training 26 hours
Classroom Training 24.5 hours

Ongoing Support

Newsletter
Meetings & Conventions
Toll-Free Line
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? No
Can this franchise be run part time? Yes
# of employees required to run 0
Are exclusive territories available? No

Ranking History

Patrice & Associates performance in the Franchise rankings over recent years

Additional Rankings

Curious to know where Patrice & Associates ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by 麻豆社 Media. Our listings and rankings are solely research tools you can use to compare opportunities. 麻豆社 stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022