Cash Investment (Liquid): $75,000
Minimum Investment: $93,625
Maximum Investment: $111,000
Minimum Net Worth: $100,000
Franchise Fee: $58,000
Royalty Fee Structure:
10% Royalty + 14% for franchisor services
Ad Fee Structure:
Average # of Employees:
Year Established: 1989
Year First Franchised: 2009
Patrice & Associates
WHO ARE WE?
As a Patrice & Associates franchise owner, you work to connect our client companies (some of the nation's leading chain restaurant and hospitality groups such as TGI Fridays, Ruby Tuesday, Applebee’s, Ruth’s Chris Steakhouse, Cracker Barrel, Arbys, Taco Bell and about 80 others) with qualified management candidates.
For many, it's the best of both worlds. You have independence and control over your own business, but you are backed by the experience, resources and relationships Patrice & Associates has built over 25 years as the nation's leading hospitality recruiting firm. Investing in our model is like investing in an existing business. We have existing clients, a nationwide database of candidates, access to major job boards and experienced colleagues to assist in training and supporting you at every step.
Low Start-Up Costs, existing clients, large database of candidates, strategic partnerships, which offers our Franchisees buying power with their local media and National job boards, unmatched training and support.
Support and Training Notes:
Initial training is one week of Virtual Training and two weeks of hands-on training held in Dunkirk, MD.
One week of formal classroom training, and one week of on-the-job training working side-by-side with successful recruiters. Each franchisee is assigned a mentor who provides support daily during the first 90 days. In addition, post-training support calls are made by headquarters in a group format, and one on one individual weekly coaching calls with either a mentor; or member of the support center team.
Regional Developer Training - Their regional developer training is customized, however includes Regional Developer Training, as well as a 12 week on-boarding and ramp up program.
Area Developer Training - In addition to their stellar training and support, the Area Developer will also receive 60 days of Corporate Account Development Assistance in their territory. THEY help them develop their own client base!
On-going support, they offer a Franchisee Groupsite which houses all of their training materials and podcasts, as well as a discussion side for Franchisees to ask each other questions and offer support. They have an established Franchisee selected FAC (Franchise Advisory Council), Quarterly Kick-Off Calls, and a Weekly Training hosted by staff and guest franchisee speakers focusing on improving each franchisees ROI.
Successful franchisees are people who are comfortable building relationships and have a passion for people. They tend to be comfortable on the phone speaking to several different people though out the day. They have excellent follow through skills, time management, and self-discipline to work independently
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