Patrice & Associates Franchise FDD, Profits & Costs (2025)
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.
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Initial Investment
How much does it cost to start a Patrice & Associates franchise? It costs on average between $90,000 – $93,000 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 – $65,000 |
| Training Fee | $7,000 – $7,000 |
| Office Equipment & Supplies | $300 – $500 |
| Rent and Security Deposit | $0 – $1,000 |
| Initial Inventory | $3,000 – $3,500 |
| Computer(s) | $500 – $1,000 |
| Development of Microsite and Maintenance | $7,000 – $7,000 |
| Legal & Accounting | $1,000 – $1,500 |
| Dues, Subscriptions & Business License | $1,000 – $1,000 |
| Insurance | $250 – $250 |
| Additional Funds – 3 months | $5,000 – $5,000 |
| TOTAL | $90,050 – $92,750 |
Competitors
Below are a few Patrice & Associates competitors as a comparison:
The most profitable franchises to own in 2025
We have compiled the list of the top 400 franchises across 9 industries. Download the report below.
Patrice & Associates Franchise Disclosure Document
Frequently Asked Questions
How many Patrice & Associates locations are there?
As of the latest data, Patrice & Associates operates a total of 196 locations, all of which are franchised. There are no company-owned units
What is the total investment required to open a Patrice & Associates franchise?
The total investment required to open a Patrice & Associates franchise ranges from $90,000 to $93,000.
What are the ongoing fees for a Patrice & Associates franchise?
Patrice & Associates franchisees pay a royalty fee of 10% of gross sales, which grants franchisees access to the company’s established systems, support, and brand recognition.
Additionally, there is a 2% advertising royalty fee, which contributes to national and regional marketing efforts aimed at promoting the brand and driving business to franchise locations.
What are the financial requirements to become a Patrice & Associates franchisee?
To become a Patrice & Associates franchisee, you are required to have a minimum net worth of $100,000 and liquid capital of $50,000.
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.
Disclaimer
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