The Patch Boys Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$29,500
Investment required
$59,000 - $90,000
Royalty fee
8.00%

The Patch Boys Franchise: A Leader in Drywall Repair

The Patch Boys franchise, under the BELFOR Franchise Group umbrella, has established itself as a key player in the home improvement industry, specializing in drywall repair. Since its inception in 2006, The Patch Boys has grown by focusing on small repair jobs that many contractors overlook, including drywall, plaster, and ceiling repairs.

Becoming a franchisee with The Patch Boys offers a chance to enter a high-demand niche market across the nation. The franchise is ideal for entrepreneurs seeking an affordable entry point into the home services sector, with a business model centered on simplicity and profitability.

The Patch Boys ensures its franchisees are well-equipped to serve both homeowners and construction professionals by providing extensive support and training. As part of the BELFOR Franchise Group, franchise owners benefit from a supportive network and a history of proven success.

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 (Low) Amount (High)
Initial Franchise Fee $29,500 $29,500
Initial Package Fee $8,702 $8,702
Lease Deposit and First Month’s Rent, Utilities $0 $2,000
Leasehold Improvements $0 $2,000
Exterior Signage $0 $2,000
Licenses/Permits $0 $500
Technology System $100 $2,000
Initial Supplies and Inventory $1,000 $3,000
Insurance $2,093 $5,165
Vehicles $0 $3,000
Costs Incurred While Attending Training $1,000 $5,000
Initial Advertising and Marketing $500 $2,500
Miscellaneous Pre-opening Expenses $1,500 $5,000
Additional Working Capital (three months) $15,000 $20,000
Totals $59,395 $90,367

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Number of units

2024
Franchised units

192

298

308

Company-owned units

0

0

0

Total units

192

298

308

Franchise Disclosure Document

Training 

The franchisor ensures that franchisees receive thorough training through a variety of programs and sessions designed to facilitate the successful operation of their franchise. Below is an overview of the training provided:

JumpStart Training Program: This preparatory program includes a range of pre-opening activities, combining self-guided tasks with support from the training team. It involves a detailed review of the Operations Manual and must be completed within two months of signing the agreement and before attending the Business Manager and Technical Operations Training.

Initial Training: Offered at no additional cost for the franchisee or their Designated Manager and up to three other individuals, this training covers areas such as sales/marketing, software/technology, business operations, and technical aspects related to equipment and implementation. Conducted at the franchisor's headquarters or another designated location, this training spans up to four days.

Business Manager and Technical Operations Training: Scheduled after the completion of the JumpStart Program, this training must be completed prior to opening the franchise. It is typically offered monthly and includes both classroom instruction and on-the-job training.

Annual Convention and Periodic Refresher Training: The Managing Owner or Designated General Manager is required to attend the franchisor's annual convention as well as periodic refresher courses and conferences. These sessions address various topics, including technical training, business plan analysis, and marketing strategies.

Additional Training: For renewal terms or the awarding of additional franchises, the requirement for Initial Training may be waived, except for the JumpStart online modules and ongoing training obligations. However, if the franchisee chooses to attend Initial Training again, they may do so without incurring a training fee, though they will be responsible for travel and accommodation costs.

Territory Protection

The franchisor grants territory protection to its franchisees, ensuring a designated "Territory" as outlined in the Summary Page of the Franchise Agreement. This Territory comprises specific zip codes assigned to the franchisee.

The franchisor guarantees that no other THE PATCH BOYS Business or Company Store will operate within the franchisee's Territory, provided the franchisee remains in full compliance with their Franchise Agreement.

Furthermore, no other THE PATCH BOYS Business is allowed to advertise through print, media, or web-based platforms within the franchisee's Territory without obtaining prior written consent from the franchisee.

The boundaries of the Territory, defined by zip codes, are established at the outset of the Franchise Agreement and any subsequent renewal agreements, unless changes are agreed upon in writing by the franchisee.

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