Patrice & Associates Franchise In USA Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech
For more than three decades, Patrice & Associates have been connecting excellent management candidates to companies in the United States and Canada. With such a reputable service and experience in the recruitment industry, Patrice & Associates is undeniably the go-to recruiting firm. If you’re interested in a franchise, the company has been offering business opportunities since 2010. Here’s everything you need to know about the Patrice & Associates franchise cost and terms.
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Table of Contents
Patrice & Associates Franchise Wiki
Patrice & Associates started as a management recruitment business way back in 1989. The company specialized in the Hospitality niche and progressed to a full-fledged recruitment firm. Patrice & Associates then offered franchising opportunities in 2010 under the franchisor Patrice & Associates Franchising, Inc.
More than 150 Patrice & Associates franchise business owners are now happily running their stores. Also, the company boasts 275 highly trained and experienced recruiters. This ensures that Patrice & Associates connects companies in the United States and Canada with suitable management candidates.
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The company also represents specialty and hospitality businesses such as restaurants, retail, and more. According to the founder Patrice Rice, her aim is not about revenue but also about helping people.
Patrice & Associates Franchise Benefits
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Patrice & Associates Franchise Financial Assistance
The franchisor doesn’t offer indirect or direct financing. Also, the franchisor doesn’t promise franchisees a lease or other obligations.
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Patrice & Associates Franchise Cost
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $58,000 | $58,000 |
| Training Fee | $7,000 | $7,000 |
| Starter Kit | $3,000 | $3,000 |
| Office Equipment & Supplies | $300 | $500 |
| Rent and Security Deposit | $0 | $1,000 |
| Expenses During Training | $2,500 | $5,000 |
| Initial Inventory | $3,000 | $5,000 |
| Computer(s) | $500 | $1,000 |
| Development of Microsite and Maintenance | $7,000 | $7,000 |
| Legal & Accounting | $1,000 | $1,500 |
| Annual Contracts with 1 of the Approved Suppliers for Job Boards | $275 | $1,000 |
| Dues, Subscriptions & Business License or Permit | $1,000 | $2,000 |
| Insurance | $250 | $500 |
| Recruiter | $4,800 | $10,000 |
| Additional Funds (3 months) | $5,000 | $10,000 |
| ESTIMATED TOTAL | $93,625 | $111,000 |
Patrice & Associates Franchise Training Details
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Here are the training details you need to know:
- The franchisor requires franchisees to attend both initial and advanced training programs, covering the details of the business operations.
- These training programs come on an ad hoc basis and are held at Patrice & Associates’ headquarters in Dunkirk, Maryland. However, the franchisor may assign another location if necessary.
- Franchisees must attend a week-long virtual training and the initial training program for two weeks at the franchisor’s office.
- Franchisees may opt to attend an advanced training program for a week 90 to 120 days after opening their agency.
- A representative will receive support via one-on-one phone sessions daily for the first 90 days. Additionally, the franchisor will provide support for the first six months through telephone conferences twice a week.
- The franchisor also requires franchisees to attend refresher training programs in Maryland or in another location the franchisor designates.
- Franchisees and their appointed manager must attend annual conferences.
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Patrice & Associates Franchise Territory
Here is the franchise territory overview:
- Franchisees are assigned a specific territory that should follow the Franchise Agreement rules.
- The franchisor should also choose the territory boundaries based on several components. These include population, retail and hospitality infrastructure, competitors, and political, physical, and natural boundaries.
- The population must have at least 250,000 and should be described by zip codes.
- The franchisor will not grant another franchisee within the chosen territory as long as the current franchisee isn’t in default.
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Patrice & Associates Franchise Obligations and Conditions
The franchisee must appoint a designated manager to direct and supervise the agency full-time daily. For individual franchises, the owner may be appointed as the designated manager. If they want to assign another designated manager, the franchisee must ask for consent from the franchisor.
However, if the franchise is under a corporation, they must select a designated manager, who must also be one of the business owners.
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The designated manager is required to attend and complete the training program satisfactorily before running the agency. The franchisees must only offer services that the franchisor requires and authorizes.
Patrice & Associates Franchise Terms and Renewal
The initial franchise term length is five years. However, franchisees may renew another three five-year terms if they are in good standing.
Patrice & Associates Franchise Requirements
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
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Patrice & Associates Franchise Profit
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
How to Apply For Patrice & Associates Franchise
To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.
Patrice & Associates Franchise Contact details
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FAQ
Is it profitable or not?
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Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.
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Conclusion
So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you
Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part.
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