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Description

How To Open a PatchMaster Franchise?

To begin your journey as a PatchMaster franchisee, you will first need to submit an application. Once approved, you can review the franchise agreement and potentially attend a discovery day. This day will provide insight into operations and allow you to meet existing franchisees. Following this, you will finalize your franchise agreement, pay the initial fees, and establish your business in a designated Licensed Service Area (LSA).

What Are the Initial Investment Requirements for PatchMaster?

The initial investment to start a PatchMaster franchise ranges from $87,350 to $112,850. This amount includes a franchise fee that must be paid to the franchisor or its affiliates. If you opt for a 3-pack franchise, your investment will range from $151,350 to $188,350 . It's essential to budget for additional costs such as equipment, marketing, and working capital to ensure your business is fully operational from day one.

Why Consider a PatchMaster Franchise?

PatchMaster offers wall surface repair and related services, catering to both residential and commercial clients. The demand for these services is consistent, as property owners frequently need repairs for aesthetics and maintenance. As a franchisee, you'll benefit from a well-established brand, operational support, and training which are crucial for successfully running your business. Moreover, the franchise model allows you to tap into a growing market with a solid business foundation.

Is a PatchMaster Franchise Right for You?

Owning a PatchMaster franchise can be a rewarding venture for those interested in home improvement services. The franchise requires active participation in daily operations, so it’s vital to assess your readiness to engage hands-on. With a proven business model and ongoing support from the franchisor, franchisees have the opportunity to thrive in a competitive market. Consider your skills, interests, and financial situation to determine if this franchise aligns with your career goals .

PatchMaster Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Home Based Franchises
A more specific division within the broader industry.

Category

Home Repair Services
Available financing options to help start the franchise.

Funding Year

2017
The main organization that owns the franchise brand.

Parent Company

Master Home Services
The key individuals guiding the franchise’s strategy and growth.

Leadership

Kathleen Kuhn
The official business address of the franchisor’s headquarters.

Corporate Address

92 East Main Street, Suite 301, Somerville, New Jersey 08876
The total amount required to launch the franchise.

Initial Investment

$87,350 - $188,350
The initial fee paid to join the franchise system.

Franchise Fee

$49,500
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

9%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

1%
The minimum liquid capital you must have on hand.

Cash Required

$87,350 - $112,850
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$200,000 - $400,000
The typical yearly revenue generated per franchise location.

Average Revenue

$309,603
The middle value of yearly revenue among franchise locations.

Median Revenue

$254,968
The smallest reported annual revenue among franchisees.

Lowest Revenue

$52,497
The largest reported annual revenue among franchisees.

Highest Revenue

$1,074,775
The estimated timeframe to recover your initial costs.

Breakeven Time

12 Months
The estimated period to recoup your total investment.

Investment Payback

24 Months

PatchMaster Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

117
The number of locations owned by independent franchisees.

Franchised Units

99
The number of locations owned and run by the franchisor.

Corporate Units

18
Units 2021 2022 2023
Total Units 75 105 117
Net Change YoY 30 12
Franchised Units 60 91 99
Net Change YoY 31 8
Corporate Units 15 14 18
Net Change YoY -1 4

Company Background

PatchMaster is a leading franchise specializing in drywall repair and maintenance services for both residential and commercial properties. Founded with a vision to provide high-quality, efficient, and affordable repair solutions, PatchMaster has rapidly grown, establishing a reputation for excellence in the home improvement sector. With a network of franchises across the country, PatchMaster offers a streamlined process that ensures customer satisfaction and professional results in every project undertaken.

Franchise Opportunity

Becoming a PatchMaster franchisee presents a unique opportunity to tap into the thriving home improvement market. With a proven business model and comprehensive support system, franchisees can benefit from established brand recognition and a robust network of fellow franchise owners. The franchise offers extensive training, marketing assistance, and operational guidance, allowing you to build a successful business while enjoying the independence of franchise ownership.

Corporate Structure

PatchMaster, LLC was established as a limited liability company in the United States, with its headquarters located in [City, State]. The franchise operates under the name "PatchMaster" and has developed a comprehensive franchise system that supports its franchisees in providing top-notch drywall repair services. The company is committed to maintaining high standards of quality and professionalism across all franchise locations.

Royalties

Franchisees are required to pay a royalty fee of 6% of gross sales for the use of the PatchMaster brand and ongoing support. Additionally, there is a marketing fund contribution of 2% of gross sales to support national and local advertising efforts. These fees are essential for maintaining the brand's visibility and ensuring franchisees benefit from comprehensive marketing strategies.

Company Mission

At PatchMaster, our mission is to provide exceptional drywall repair services that enhance the beauty and value of our customers' homes and businesses. We are dedicated to delivering reliable, efficient, and high-quality workmanship while fostering strong relationships with our clients and franchisees. Through innovation and a commitment to excellence, PatchMaster aims to become the preferred choice for drywall repair across the nation.

Brand Story

PatchMaster was founded in [Year] by [Founder's Name], who recognized a gap in the market for specialized drywall repair services. With a focus on customer satisfaction and quality workmanship, the brand quickly gained traction and expanded its services to meet the growing demand. Today, PatchMaster is synonymous with reliability and professionalism in the home improvement industry, empowering franchisees to make a difference in their communities while achieving personal and financial success.

Frequently Asked Questions

The initial investment for a PatchMaster franchise ranges from $87,350 to $112,850. This amount includes the franchise fee and other startup costs necessary to begin operations .