Patrice & Associates Franchise FDD, Profits & Costs
Patrice & Associates is a prominent recruiting firm specializing in the hospitality and food service industries. Established in 1989 by Patrice Rice in the basement of her home, the company has grown to become one of the largest hospitality recruiting firms in the United States.
Headquartered in Dunkirk, Maryland, Patrice & Associates has built a reputation for connecting qualified management candidates with leading employers in the restaurant and hospitality sectors.
In 2010, the company began offering franchise opportunities, allowing entrepreneurs to leverage its established brand and proven business model. This strategic move facilitated rapid expansion, and by 2017, Patrice & Associates had reached the milestone of 100 franchise units.
What sets Patrice & Associates apart from its competitors is its extensive network of recruiters and a collaborative approach that ensures clients receive personalized service tailored to their specific needs.
Initial Investment
How much does it cost to start a Patrice & Associates franchise? It costs on average between $105,000 - $121,000 to start a Patrice & Associates franchised facility.
This includes costs for office setup, technology, training, and initial operating expenses. The exact amount depends on various factors, including the size of the territory, the local market, and whether the franchisee operates from a home office or a leased commercial space.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $65,000 |
| Initial Training Fee (Franchise Training) | $7,000 |
| Initial Training Fee (Manager Training) | $0 to $3,500 |
| Executive Recruiting Training & Certification Fee | $10,000 |
| Microsite Fee (Includes setup and maintenance) | $7,000 |
| Marketing Starter Kit | $3,000 |
| Grand Opening Marketing | $6,000 to $12,000 |
| Rent & Security Deposit | $0 to $1,000 |
| Computer System | $500 to $1,000 |
| Office Equipment & Supplies | $300 to $500 |
| Business Licenses, Dues & Subscriptions | $800 to $1,200 |
| Professional Fees | $1,000 to $3,000 |
| Insurance (3 months’ premium) | $500 to $850 |
| Additional Funds (3 months) | $4,000 to $6,000 |
| Total Estimated Initial Investment | $105,100 to $121,050 |
Patrice & Associates Franchise Disclosure Document
Frequently Asked Questions
What funding options are available for a Patrice Associates franchise?
Most franchise buyers in Patrice Associates’s investment range finance their unit through an SBA 7(a) loan, with some multi-unit operators using SBA 504 loans. Buyers with rollable retirement funds sometimes use a ROBS structure. See SharpSheets financial model hub for guidance.
How long does it take to pay back a Patrice Associates franchise investment?
Payback periods typically run 3-7 years depending on investment level, location performance, and financing structure. Actual payback varies significantly by unit performance and debt service obligations.
Who owns Patrice & Associates?
Patrice & Associates is owned by Conscious Capital Growth, a private equity firm. In October 2024, Jason Miller, who had been serving as Vice President of Franchise Development, was appointed as the company’s Chief Executive Officer.
SharpSheets Editorial Team | sharpsheets.io | Last Updated: July 2026
Disclaimer
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