Patrice & Associates is a recruitment firm specializing in hospitality, restaurant and retail management staffing. The franchise connects qualified candidates with industry employers.
Key Insights
- Patrice & Associates began with a dedication to connecting top talent with hospitality and restaurant leadership opportunities, evolving into a recognized name within the recruitment sector through consistent growth and service. The business has built a substantial network over its operational existence.
- The franchise operates by providing specialized recruitment services, focusing on placing experienced professionals into various management and executive roles within the food service and hospitality industries. This model emphasizes deep industry knowledge and targeted candidate sourcing.
- The industry Patrice & Associates serves is dynamic and demands constant adaptation, with a continuous need for skilled individuals to manage and grow businesses. The franchise is positioned to address these ongoing talent acquisition requirements.
Franchise Fee and Costs to Open
Exploring the financial picture of Patrice & Associates gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $105,100 - $121,050, along with a franchise fee of $65,000 - $65,000.
Financial Performance and Revenue
Training and Resources
Patrice & Associates provides new franchisees with comprehensive training. Initial training, lasting two weeks, occurs at their headquarters. The franchisor offers extensive resources, including operational manuals and marketing support. Patrice & Associates recommends utilizing their proven systems for success.
Legal Considerations
Legal considerations for a Patrice & Associates franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee might consider the challenge of differentiating their service within a local market, navigating the operational nuances of client acquisition and talent placement, and managing relationships with potential service providers, all of which require dedicated attention to ensure business success.
Franchise Datasheet
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