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Patrice & Associates Franchise ProfileEmployment & Staffing Franchises > Niche Recruitment Services |
How to Open a Patrice & Associates Franchise?
To start your journey with Patrice & Associates, you'll need to complete an initial franchise application and submit a non-refundable franchise fee of $65,000. Following this, you will receive comprehensive training, which includes direct mentoring during your first three months. The investment required to begin your franchise ranges from $90,050 to $92,750, incorporating fees for office supplies, training, and marketing materials. Once your application is approved, you will be guided through the setup of your recruiting agency, specializing in management placements across various industries.
What Makes Patrice & Associates a Compelling Choice?
Patrice & Associates offers franchisees a unique opportunity to tap into the growing recruiting sector, particularly within the retail, restaurant, and hospitality industries. Franchisees gain access to a proprietary database of qualified candidates and receive robust training on best practices. The business model allows for flexibility in operations, as many franchisees successfully run their agencies from home, minimizing overhead costs. Additionally, the initial support from the franchisor fosters a strong foundation for success.
Why Consider Owning a Patrice & Associates Franchise?
As a franchisee, you'll be part of a well-established brand known for its focus on quality recruitment services. The median placement fees in 2023 indicated a potential earning opportunity, with averages around $7,500 for combined placements and $19,906 for executive search placements. This indicates a promising revenue potential for motivated franchisees who can effectively engage with clients and candidates. If you have a passion for recruitment and helping others find their ideal roles, this franchise could be a rewarding venture.
Is a Patrice & Associates Franchise Right for You?
The franchise system is growing, with 196 outlets reported in 2023, showcasing an upward trend in franchised locations. However, it's crucial to note that the recruiting industry is competitive, and your success will depend on your ability to network and build relationships. Before committing, assess your financial readiness for ongoing fees, which include a 10% royalty on gross sales, along with additional fees for marketing and database services. Ensure you're prepared to actively participate in the day-to-day operations of your agency, as personal engagement is key to thriving in this business.
Patrice & Associates 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.
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Patrice & Associates Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.
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Units | 2021 | 2022 | 2023 |
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Total Units | 178 | 171 | 196 |
Net Change YoY | -7 | 25 | |
Franchised Units | 178 | 171 | 196 |
Net Change YoY | -7 | 25 | |
Corporate Units | 0 | 0 | 0 |
Net Change YoY | 0 | 0 |
Company Background
Patrice & Associates is a prominent recruiting franchise specializing in the hospitality and restaurant industries. Established in 1999, the company has built a solid reputation for providing exceptional recruitment services to clients and candidates alike. With a network of franchisees and corporate staff dedicated to matching top talent with outstanding opportunities, Patrice & Associates has successfully placed thousands of candidates in various roles across the hospitality sector, making it a trusted partner for businesses aiming to enhance their teams.
Franchise Opportunity
Becoming a Patrice & Associates franchisee offers an exciting opportunity to tap into the booming recruitment market, particularly within the hospitality and restaurant industries. With a low initial investment and a comprehensive training program, franchisees are equipped with the tools and support needed to succeed. The franchise model allows for flexibility in operations, making it suitable for both seasoned entrepreneurs and those new to business ownership, all while benefiting from the established brand's credibility.
Corporate Structure
Patrice & Associates operates as a franchise system under the corporate entity of Patrice & Associates, LLC. The company is headquartered in Fort Lauderdale, Florida, and provides ongoing support, training, and resources to its franchisees. The corporate structure is designed to foster collaboration and communication among franchisees, helping them to leverage best practices and share insights that drive success within their individual markets.
Royalties
Franchisees are required to pay a royalty fee of 6% of their gross sales, which contributes to the overall support and resources provided by the franchisor. Additionally, franchisees participate in a marketing fund that requires a contribution of 2% of gross sales, ensuring that the brand remains competitive and visible in the marketplace. These fees are essential for maintaining the franchise's operational standards and enhancing brand recognition.
Company Mission
At Patrice & Associates, our mission is to connect talented individuals with rewarding careers in the hospitality industry. We strive to provide exceptional service to both our clients and candidates, ensuring that every placement is a perfect fit. By fostering relationships built on trust and integrity, we aim to elevate the recruiting process and contribute to the success of businesses and individuals alike. Our commitment to excellence drives us to continuously improve our services and adapt to the ever-changing landscape of the job market.
Brand Story
Patrice & Associates was founded by Patrice Rice, a seasoned recruitment professional with a passion for the hospitality industry. Her vision was to create a franchise that would empower others to build successful recruiting businesses while providing unparalleled service to clients and candidates. Since its inception, the brand has grown significantly, expanding its footprint across the United States and beyond. The company's dedication to quality, integrity, and personalized service has positioned it as a leader in hospitality recruiting, making a lasting impact on the industry.
Frequently Asked Questions
The initial franchise fee for Patrice & Associates is $65,000, which is fully earned upon payment and is non-refundable .