- 2023 Franchise 500 Rank
#289 Ranked #200 last year
- Initial investment
$90K - $93K
- Units as of 2023
199 15.0% over 3 years
Patrice & Associates’ goal is to match candidates and employers with the “right fit” 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’ll want to begin by evaluating your location to see if your target audience is in your area.
You’ll 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’ll usually be able to chat with a representative who can walk you through business strategy, costs, and legal requirements.
About Patrice & Associates
|Franchising Since||2008 (15 years)|
|# of employees at HQ||14|
This company is offering new franchisees throughout the US.
This company is offering new franchisees in the following international regions: Canada
|# of Units||199 (as of 2023)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Patrice & Associates franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$90,050 - $92,750|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|10% off franchise fee|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||Patrice & Associates has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|On-The-Job Training||50 hours|
|Classroom Training||30 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||Yes|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Franchise 500 Ranking History
Compare where Patrice & Associates landed on this year's Franchise 500 Ranking versus previous years.
Curious to know where Patrice & Associates ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse franchises that are similar to Patrice & Associates.
- Staffing, recruitment, and employment-related services
- Business brokerages; franchise consulting
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