Start a PatchMaster Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $86K - $112K

Units as of 2023: 122 100.0% over 3 years

PatchMaster is a home service business that was founded in 2016 and began franchising the following year. The primary services offered include plaster repair, painting services, drywall, and sheetrock repair. If a home or business needs repairs due to dings and dents in the paintwork or walling, PatchMaster may be the business to call.

There are over 40 PatchMaster franchises in the United States, as well as several in Canada. There are also more than 10 corporate-owned PatchMaster locations. PatchMaster is accepting franchising inquiries from most parts of the country thanks to the need for their services increasing by the day.

Why You May Want to Start a PatchMaster Franchise

If you are an outgoing individual with a background in sales and marketing, you may be the right fit for this franchise. Team-leading experience and some knowledge in construction are preferred, but not required. As a PatchMaster franchisee, you will receive technical training on how to do the job, and you have the choice to choose your staff to complete assignments.

This business may have fairly little competition, as it has a specific niche in the home services industry. Builders will seldom take on sealing cracks, repairing holes, and fixing imperfections on walls. PatchMaster serves both commercial and private clients.

Opening a PatchMaster franchise may have a more predictable outcome than investing in a new brand that could struggle to thrive in a competitive industry.

What Might Make a PatchMaster Franchise a Good Choice?

To be part of the PatchMaster team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

PatchMaster does not require a storefront location, so you can comfortably run it from home. You could also decide to run your PatchMaster franchise as an absentee owner or part-time business. Once you sign up as a franchisee, you will receive support from the franchisor. Support includes multiple days of training that cover everything from marketing in the digital space to repairing drywall. After this training, you can be sure that you will still have access to ongoing coaching until your business is up and running.

How To Open a PatchMaster Franchise

As you decide if opening a PatchMaster franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a PatchMaster franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the PatchMaster franchising team questions.

Starting a PatchMaster franchise begins with requesting a Franchise Disclosure Document. Someone from PatchMaster's franchise development team may then contact you to begin your process of opening your own PatchMaster.

Soon, you may find yourself running the newest PatchMaster franchise.

Company Overview

About PatchMaster

Industry	Maintenance
Related Categories	Drywall Repair, Building & Remodeling, Home Repairs/Handyman Services, Miscellaneous Maintenance Businesses, Home Improvement
Founded	2016
Parent Company	MPK Equity Partners LLC
Leadership	Paul Ferrara, President & CEO
Corporate Address	88 E. Main St., #H-345 Mendham, NJ 07945
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	2017 (7 years)
# of employees at HQ	8
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada
# of Units	122 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a PatchMaster franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$49,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$86,450 - $111,950
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$100,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$50,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	50% off royalty fee for first year
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	9%-5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	PatchMaster has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	14 hours
Classroom Training	40 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	Yes
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
# of employees required to run	1
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes