Patrice and Associates Franchise Cost Reviews Inc

Patrice and Associates Franchise – Leading hospitality recruiting company Patrice and Associates specializes in establishing connections between top personnel with top-tier eateries, lodging facilities, and food services. Patrice Rice, a former employee in the hospitality industry who saw a need for a specialized recruiting agency, established the business in 1989. In 2010, Patrice and Associates franchises were launched that enabled business owners to run their own hiring firm under their name. Franchisee’s will get thorough training and continuous support as a franchisee to aid in the development and expansion of their company. The chance to join the company’s wide network of customers and job seekers is one of the most significant advantages of owning this firm. According to ibisworld, the US Employment & Recruiting Agencies market size increased 6.2% year on average between 2017-2022.

 

How much does a Patrice and Associates franchise cost

The initial investment required to start the business is $86,050 – $88,750 along with a franchise fee of $58,000. The company also charges 10% royalty fee and 2% for ad fee.10% off franchise fee is also provided by the company as Veteran Incentives.

 

How much does it cost to franchise a Patrice and Associates in the United States?

You’ll need an initial investment of between $86,050 and $88,750 to get started as its franchise owner in the United States. A $58,000 franchise fee is additionally charged by the company.

 

Patrice & Associate Franchise Price and Costs
Patrice & Associate Franchise Fee	$58,000
Patrice & Associate Franchise Cost	$86,050 – $88,750
Royalty Fee	10%
Advertising Fee	2%
Term of Agreement	5 Years
Is franchise term renewable?	Yes

How much do Patrice and Associates franchise owners make?

The average franchise’s gross revenue in 2020 was $ 16,828 according to the company’s Franchise Disclosure Document (FDD). It is vital to keep in mind that individual outcomes may differ and that this does not guarantee revenue or profit. 

Additionally, according to the FDD, the top 25% of the company’s franchisees earned more than $607,90 in 2020, while the bottom 25% earned less than $23,727.

 

What is Patrice and Associates franchise profit?

I will estimate the Patrice and Associates franchise profit and years to recoup the investment (ROI).

 

AUV	Estimated Annual Profit (12.5%)	Estimated Annual Profit (15%)	Estimated Annual Profit (18%)
$ 416,828	$52,103	$62,524	$ 75,029
Recoup mid-point $ 87,400	1.6 years	1.3  years	1.1years

 

The estimated Patrice and Associates franchise profit is in the range of $ 52,103 to $75,029   and it will take 1  to 2  years to recoup the investment. According to industry standards, getting a return on the franchise investment will not take a very long time.

Patrice and Associate Franchise Requirements

You will require a sufficient net worth and an initial franchise fee to participate in their franchise scheme. This price may be used to cover a variety of expenses, such as subscription and business licensing fees, legal and accounting costs, yearly agreements with one of the authorized providers, and training costs.

 

What is Patrice and Associate franchise reviews

Franchisee opinions of Patrice and Associates are overwhelmingly favorable. On the corporate website, franchisors gave the franchise and support system a 4.8 out of 5 star rating for satisfaction. The following characteristics of franchiser reviews are frequent: 

• Numerous franchisees have praised the company’s outstanding assistance and training programme. Franchisees can take advantage of a committed support staff as well as regular assistance and direction to manage their businesses successfully. 
• Strong Network: A strong network of other franchisees and support personnel is important to franchisees. For exchanging best practices, resolving issues, and establishing connections with other industry experts, the network is a priceless resource.

 

Patrice and Associates Franchise Rankings

• The business is included in the Entrepreneur Franchise 500 list, which assesses franchise possibilities according to criteria like growth, financial stability, stability, and franchise support. 
• The organization was included in the list of the Top 50 Franchise Opportunities for Women. 
• The company has been included on Franchise Gator’s list of the fastest-growing franchises, which assesses franchise possibilities according to expansion, financial stability, and other criteria.

 

What is Patrice and Associates?

Patrice and Associates was established in 1989, and in 2008 it started franchising. Since that time, the business in the US and Canada has grown to include more than 150 franchises, 15 regional directors, and 350 recruiters. The freedom to work without limitations is one of the most notable advantages of franchising with them for franchisees and recruiters. Partners still have a single point of contact for their hiring and job-seeking needs even if they move to a different state.

It’s obvious from observing the company’s growth and development through time that they appear to have a well-established history of industry expertise. Additionally, it appears to have an advantage in finding smart and resourceful individuals for its clients.

 

Is Patrice and Associates a Franchise Opportunity?

Yes, the company offers franchise opportunities, and a self-disciplined and ambitious franchisee may find success by investing in its franchising plan.

 

Facts That Nobody Told You About Patrice & Associates

• More than 20,000 hospitality specialists have been hired by the organization in Canada and the United States. 
•  For its franchise program, it has won various honors and awards, including being named the greatest franchise opportunity by Entrepreneur Magazine. 
•  The company actively strives to hire individuals from a variety of backgrounds for positions in the hospitality industry and has a strong commitment to diversity and inclusion. 
•  It provides executive search services for senior roles in the restaurant business in addition to its franchise programme. 
•  The business maintains active accounts on Facebook, Twitter, Instagram, and LinkedIn, giving it a strong social media presence.  
•  The business actively supports charitable causes, such as the No Kid Hungry initiative to eradicate childhood starvation in America.

 

Patrice & Associates Franchise Review and Information
Industry Type	Business Services Franchise
Sub Category	Staffing/Recruiting Franchise
Year Established	1989
Company Name	Patrice and Associates Franchising Inc
Founder/Management Head	Patrice Rice
Franchising Started	2008
Employees at Company H.O	11
Franchise Expansion Plan	This company is offering new franchisees throughout the US.
Number of Units	205
Number of Franchise Units	205
Social Media Handles	Facebook
	Twitter
	Youtube
	Instagram
Company Office location	3140 W. Ward Rd., #202 Dunkirk, MD 20754

 

 

Patrice & Associates Training to Franchises

To aid in the development and expansion of a successful business, the organization offers thorough training and assistance to its franchisees. The company’s basic training program covers a variety of hotel recruitment-related topics in both the classroom and on-the-job settings. The manual comprises: 

•  Operations and Systems Training: This training focuses on the exclusive technology platforms and operating systems that the franchisee uses to manage their firm. 
•  Sales & Marketing course: This course teaches you how to generate leads, cultivate relationships with customers, and advertise your business.

Patrice & Associates Operations to Franchises

The company helps its franchisees manage their businesses effectively by offering operational support. The company’s support staff is available to respond to inquiries, provide guidance, and help franchisees with daily tasks. Here are a few instances of operational support offered to franchisees: 

•  Franchisees can access their technology platforms and operating systems with the help of technology and systems support. Franchisees can get help from the company’s support staff if they run into any problems with these systems. 
•  Administrative Support: The Company offers franchisees administrative support, including help with bookkeeping, invoicing, and other administrative duties.

 

How is Patrice & Associates Territory Granted to Franchises

Franchisees and the organization collaborate to find the greatest location and space for each unique business. To find and assess suitable locations, the business uses sophisticated mapping and demographic technologies. 

The franchise agreement typically includes details about the region once it has been chosen and approved. The agreement will outline the precise territorial limits as well as any limitations on the franchisor’s ability to develop or conduct business in nearby regions.

 

What is the Franchise Term of Agreement and Renewal?

The initial term of agreement is of 5 years and is renewable under special circumstances.

 

Does Patrice & Associates provide Financial Assistance to Franchises?

The company has connections with outside sources that provide financing for the following items: startup costs, franchise fees, equipment, inventory, accounts receivable, and payroll.

 

Pros & Cons of owning a Patrice & Associate Franchise

Pros of owning a Patrice and Associates Franchise 

1. Hospitality includes hotels, restaurants, casinos, grocery stores, university & hospital cafeterias and much more.

2. No Minimum monthly royalty payments.

3. No penalties for not meeting your required quota.

4. The company does all the billing and collections so you can concentrate on your business.

5. 2 weeks of virtual training so that you never have to leave home.

6. 90 days daily calls with your coach … a real person to answer your questions.

7. No employees you have to hire.

8. No lease to sign.

9. Fast cash flow.

10. No equipment to purchase.

Cons of Owning a Patrice and Associates Franchise

• Franchisees must compete with other staffing agencies and staffing providers in the fiercely competitive hospitality staffing market to draw clients and prospects. 

•  Franchisees in the hospitality recruitment sector must possess the interpersonal communication skills necessary to forge connections with clients and candidates and handle the difficulties that come with working with people. 

•  Like any business, franchisors run the risk of having disagreements with clients or applicants that harm their standing or bottom line.

 

Franchise Deck Analysis and Overview

For those who have a love for the hospitality sector and wish to launch their own company with the backing of a well-known brand and business plan, Patrice and Associates provides a distinctive franchising opportunity. In your local market, you will be able to offer staffing solutions to restaurants, hotels, and other hospitality sectors by using the company’s brand, systems, and processes as a franchisor. Franchisees profit from the company’s well-known brand, robust training and support initiatives, and tried-and-true business strategy.

Potential Risks to consider before investing in a Patrice & Associate’s franchise

• There can be other staffing firms and franchisees in your local market because the hotel staffing sector is so competitive. The competitive environment must be thoroughly evaluated in order to ascertain whether there is a sufficient demand for candidates and credentials. 
• Running a franchise entails risks, just like operating any other type of business. These dangers include economic instability, market conditions changing, and personnel turnover. It is crucial to have a plan in place to reduce these risks and to be ready for them.  
• A franchise agreement that specifies the circumstances of your partnership with the franchisor must be signed by you as the franchisor. Before signing, please be sure to completely read this Agreement and comprehend your rights and obligations.

Is the Patrice & Associate’s Franchise Profit Worth the Franchise Cost?

Although the business doesn’t provide detailed revenue figures, several franchisees claim to make a sizable profit.The average franchise’s gross revenue in 2020 was $ 16,828 according to the company’s Franchise Disclosure Document (FDD). 

 

Patrice & Associate’s Franchise Success and Failure Rate

The below table will highlight the Patrice and Associates franchise success and failure rate for the last 3 years. This will supplement your decision-making process.

 

Year	Format	Start	End	Change
2020	Franchise Owned	165	179	+14
	Company Owned	0	0	0
2021	Franchise Owned	179	178	-1
	Company Owned	0	0	0
2022	Franchise Owned	178	171	-7
	Company Owned	0	0	0

 

Competition Analysis of Patrice & Associate’s Franchises

 

Patrice and Associates	Cost to Franchise	Franchise Fees	Royalty + Ad fees	Expected Profit	Recoup of Capital	FD Rating
Patrice and Associates	$86,050 – $88,750	$58,000	10%+2%	$16,828	1-2 years	3.3/5.0
Nextaff Franchise	$119,000	$40,000	8-6%	–	–	3.1/5.0
AtWork Group Franchise	$161,000	$40,000	7-2.6%	–	–	3.4/5.0
Spherion Franchise	$148,000	$26,250 – $35,000	0.25-0.75%	–	–	3.1/5.0
Pridestaff Franchise	$138,000	$40,000	varies	–	–	3.6/5.0
SI Staffing Franchise	$70,000	$35,000	5.5%	–	–	3.2/5.0

The Franchise Deck rating for the Patrice & Associate’s franchise is 3.3/5.0.

Conclusion : Is the Patrice and Associates franchise worth it?

Your objectives, abilities, expertise, and capacity to successfully manage and expand your firm will determine the value of a Patrice and Associates franchise.

Access to a well-known brand and business model, thorough training and support, and guidance and support from a network of other franchisees are just a few potential advantages of investing in its franchise. The hospitality sector is another expanding area, thus the company’s services can be in high demand in your neighborhood.

Entrepreneurs who want to open a franchise in the category staffing/recruiting  franchise opportunities categories can look at 

1. Nextaff Franchise 
2. AtWork Group Franchise
3. Spherion Franchise
4. Pridestaff Franchise 
5. SI Staffing franchise 
6. Labor Finders Franchise
7. Sanford Rose Associates Franchise
8. Remedy Intelligent Staffing Franchise
9. Express Employment Professionals Franchise
10. Huddle House franchise
11. Beyond Sushi Franchise
12. Buildingstars Franchise
13. Bizfundingfinder franchise
14. Teamlogic IT Franchise

Frequently Asked Questions (FAQs)

• Is the Patrice & Associate’s franchise profitable?

Yes, the owners of its franchises can make sizable profits.

• Can you make money owning a Patrice & Associate’s?

Yes, you can definitely make a sufficient amount of money owning its franchise.

• Is Patrice & Associate’s a franchise?

Yes, the company has been offering franchising opportunities since 2008.

• How much is Patrice & Associate’s franchising cost?

The initial investment required to start the business is $86,050 – $88,750 along with a franchise fee of $58,000. The company also charges 10% royalty fee and 2% for ad fee.10% off franchise fee is also provided by the company as Veteran Incentives.

• How do Patrice and Associate’s franchises make money?

The franchises make money by finding smart and resourceful individuals for its clients.