PatchMaster Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$49,500
Investment required
$87,000 - $113,000
Royalty fee
5% - 9%

PatchMaster: Leading the Way in Drywall Repair Excellence

PatchMaster, a franchise that specializes in drywall repair services, was established in 2016 and began offering franchise opportunities just a year later in 2017. This swift move into franchising highlights the brand's dedication to addressing a specific gap in the home services market by offering professional drywall repair solutions. Their services focus primarily on minor repairs, such as holes caused by renters or plumbing issues, which are often neglected by larger contractors or too challenging for DIY enthusiasts.

Based in Chester, New Jersey, PatchMaster has rapidly grown its footprint across the United States and Canada. This growth reflects the strong demand for specialized drywall repair services and the success of PatchMaster's business model, which provides a turnkey solution for entrepreneurs eager to enter the home services market.

PatchMaster's methodology prioritizes quality and efficiency, with a goal of completing most repair jobs in just one visit. This commitment to customer satisfaction and excellence, combined with robust franchisor support and a relatively low entry barrier, makes PatchMaster a compelling choice for individuals looking to start their own businesses in the home improvement industry.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $49,500
Training Expenses $500 - $2,500
RightTrack Startup Package (Tools & Materials) $12,000
RightTrack Start Up Package (Grand Opening Package) $16,850
Computer, Phone and Office Equipment $0 - $2,500
Vehicle(s) Down Payment $0 - $5,500
Licensing, Permits, and Deposits $0 - $2,000
Insurance Costs including Worker’s Compensation $2,000 - $5,500
Legal Services $500 - $1,500
Additional Funds – 3 months $6,000 - $15,000
Total $87,350 - $112,850

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Number of units

2024
Franchised units

91

99

92

Company-owned units

14

18

17

Total units

105

117

109

Franchise Disclosure Document

Training 

The franchisor offers an extensive Initial Training Program for new franchisees, covering crucial aspects of running the franchise effectively. The training includes:

Operations: Detailed instructions on daily operations, equipment usage, and upholding brand standards.

Marketing: Strategies for effective marketing, lead generation, and social media engagement.

Financial Reporting Requirements: Guidance on managing financial tasks, including reporting and bookkeeping.

Equipment and Brand Requirements: Information on the proper use and upkeep of essential equipment and compliance with brand guidelines.

Products and Service Offerings: Comprehensive details on the services provided, pricing structures, and customer service standards.

This Initial Training Program is typically conducted at the franchisor's main office or another specified location and may also include online or webinar sessions. It is offered at no cost for the duration of the franchise agreement, as long as the franchisee remains in good standing and adheres to the franchisor's standards and requirements.

Additionally, the franchisor may provide further training programs for franchisees and their staff, available at designated locations or online. These additional training sessions might incur a fee, particularly when introducing new products and services or if a franchisee's performance needs improvement.

Territory Protection

The franchisor does not provide exclusive territory protection to franchisees. According to the Franchise Agreement, franchisees are expected to conduct their business within a designated Licensed Service Area (LSA), but this does not guarantee exclusivity. 

Franchisees may encounter competition from other franchisees, company-owned locations, or other distribution channels and competitive brands managed by the franchisor. There is no territorial protection for franchisees outside their LSA. Should a franchisee wish to operate beyond their assigned LSA, they may need to purchase additional territories. 

Additionally, franchisees are required to concentrate their marketing efforts and business activities within their LSA and are not allowed to market, advertise, or solicit business outside their LSA without obtaining prior written consent from the franchisor.

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