PatchMaster Franchise Prices, Charges, Revenues, Earnings (2023 Evaluate)

On this unique Franchise Chatter FDD Speak put up, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for a PatchMaster franchise, based mostly on Merchandise 7 of the corporate’s 2022 FDD

Part II – Preliminary franchise payment, royalty payment, and advertising payment for a PatchMaster franchise, based mostly on Gadgets 5 and 6 of the corporate’s 2022 FDD

Part III – Variety of franchised and company-owned PatchMaster shops in the beginning of the yr and the tip of the yr for 2019, 2020, and 2021, based mostly on Merchandise 20 of the corporate’s 2022 FDD

Part IV – Information updates on the PatchMaster franchise alternative

Part V – Presentation and evaluation of PatchMaster’s monetary efficiency representations (common revenues and/or earnings), based mostly on Merchandise 19 of the corporate’s 2022 FDD, together with data on the:

• 2021 common, median, highest, and lowest product sales; and highest and lowest estimated inhabitants for the highest third, center third, backside third, and all 20 PatchMaster franchisees that operated for the total 2021 calendar yr and submitted month-to-month gross sales stories to the franchisor

• 2021 common, median, highest, and lowest job dimension; and highest and lowest estimated inhabitants for the highest third, center third, backside third, and all 20 PatchMaster franchisees that operated for the total 2021 calendar yr and submitted month-to-month gross sales stories to the franchisor

• 2021 common whole revenue, labor bills, materials bills, value of products offered, and gross revenue for the PatchMaster franchisees that operated for the total 2021 calendar yr and submitted the required data to the franchisor

Part VI – Key ratios, comparables, computations, and analyses for the PatchMaster franchise alternative (unique content material for Platinum subscribers)

Part I – PatchMaster Franchise Prices

• PatchMaster franchise prices, based mostly on Merchandise 7 of the corporate’s 2022 FDD:

• Preliminary Franchise Payment:  $49,500
• Coaching Bills:  $500 to $2,500
• RightTrack Startup Package deal (Instruments & Supplies):  $9,900
• RightTrack Startup Package deal (Grand Opening Package deal):  $13,600
• Pc, Cellphone, and Workplace Tools:  $0 to $2,500
• Automobile(s) Down Fee:  $0 to $5,500
• Licensing, Permits, and Deposits:  $0 to $2,000
• Insurance coverage Prices Together with Employee’s Compensation:  $2,000 to $3,500
• Authorized Companies:  $500 to $1,500
• Further Funds – 3 Months:  $6,000 to $15,000
• Complete Estimated PatchMaster Franchise Prices:  $82,000 to $105,500

Part II – PatchMaster’s Preliminary Franchise Payment, Royalty Payment, and Advertising Payment

• PatchMaster’s preliminary franchise payment, royalty payment, and advertising payment, based mostly on Gadgets 5 and 6 of the corporate’s 2022 FDD:

• Preliminary Franchise Payment:  $49,500
• Royalty Payment:  9% of first $150,000 in Gross Income per yr; 8½% on $150,001 to $250,000; 8% on $250,001 to $500,000; 7½% on $500,001 to $1,000,000; 7% on $1,000,001 to $1,500,000; 6% on $1,500,001 to $2,500,000; 5% on $2,500,001 and above. You need to pay a minimal month-to-month royalty payment for every Licensed Service Space.
• Advertising Contribution:  as much as 3% of Gross Income; presently 1% of all Gross Income

Part III – Variety of Franchised and Firm-Owned PatchMaster Retailers

Franchised

2019

• Retailers on the Begin of the Yr:  37
• Retailers on the Finish of the Yr:  37
• Web Change:  0

2020

• Retailers on the Begin of the Yr:  37
• Retailers on the Finish of the Yr:  64
• Web Change:  +27

2021

• Retailers on the Begin of the Yr:  64
• Retailers on the Finish of the Yr:  95
• Web Change:  +31

Firm-Owned

2019

• Retailers on the Begin of the Yr:  12
• Retailers on the Finish of the Yr:  15
• Web Change:  +3

2020

• Retailers on the Begin of the Yr:  15
• Retailers on the Finish of the Yr:  15
• Web Change:  0

2021

• Retailers on the Begin of the Yr:  15
• Retailers on the Finish of the Yr:  14
• Web Change:  -1

Part IV – Information Updates on the PatchMaster Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Earnings) for the PatchMaster Franchise (Merchandise 19, 2022 FDD)

• The next monetary efficiency illustration is predicated on historic information in regards to the franchise system’s shops.

• The next illustration contains three separate sections, with tables and footnotes exhibiting data regarding: (1) rankings for franchisees’ 2021 common and median annual product sales; (2) rankings for franchisees’ 2021 common and median income per job; and (3) rankings for franchisees’ 2021 gross revenue and associated data.

• Half 1 states common and median annual product sales for the calendar yr 2021 for various subsets of U.S. PatchMaster franchisees. The “product sales” embody a complete of all gross sales made in the course of the reporting interval not together with any returns, reductions, or rebates as reported to PatchMaster. The desk exhibits data based mostly on tertile rankings.

• This data was compiled from month-to-month product sales stories submitted to PatchMaster by the franchisees. This assertion has not been audited and PatchMaster has not undertaken to independently confirm the accuracy of the knowledge submitted to it by the franchisees.

• A complete of 20 U.S. franchisees are included in Half 1 and Half 2 of this monetary efficiency illustration. A complete of 10 U.S. franchisees are included in Half 3. The variety of franchisees excluded in every class is proven within the notes beneath the tables.

Half 1 – Tertile Rating Common and Median Annual Gross Gross sales of U.S. PatchMaster Franchisees for the 12 Months Ending December 31, 2021

• The variety of franchisees included on this monetary efficiency illustration doesn’t correlate with the variety of franchised items within the Merchandise 20 tables, since this monetary efficiency is predicated on franchisees and never single franchised items; quite a lot of franchisees license a number of franchise items, that are reported collectively.

• The estimated inhabitants (“POP”) in every franchisee’s territory varies and is predicated on the scale of territory every franchisee determined to buy. The vary of POP for the franchisees included in every subset is disclosed in notes beneath the chart. The knowledge on POP has been taken from US census figures for every franchisee and isn’t essentially the identical as of the date of signing of the franchise settlement by the franchisee and PatchMaster. Data on POP within the charts contains POP of present franchisees which have a license for no less than one Licensed Service Space.

• The averages and medians don’t embody income from (a) any franchisees working lower than one yr, whether or not (i) the franchisee started operations after January 1, 2021 and, subsequently, didn’t function for a full yr, or (ii) the franchisee’s franchise was not but opened, terminated, expired, or transferred previous to December 31, 2021 and subsequently the franchisee didn’t function for the total yr interval and (b) any franchisees (i) from whom PatchMaster didn’t obtain month-to-month gross sales stories, or (ii) for whom PatchMaster doesn’t have full POP statistics, for the entire 12 months up via December 31, 2021.

1st Tertile

• Complete Franchisees:  6
• Common Gross Gross sales:  $424,408
• Quantity and Proportion of Franchisees at or Above Common:  3 (50%)
• Median Gross Gross sales:  $431,228
• Quantity and Proportion of Franchisees at or Above Median:  3 (50%)
• Lowest Gross Gross sales:  $247,224
• Highest Gross Gross sales:  $555,939
• Lowest POP:  556,045
• Highest POP:  1,904,892

2nd Tertile

• Complete Franchisees:  7
• Common Gross Gross sales:  $192,767
• Quantity and Proportion of Franchisees at or Above Common:  3 (43%)
• Median Gross Gross sales:  $191,588
• Quantity and Proportion of Franchisees at or Above Median:  4 (57%)
• Lowest Gross Gross sales:  $154,157
• Highest Gross Gross sales:  $223,384
• Lowest POP:  269,756
• Highest POP:  894,556

third Tertile

• Complete Franchisees:  7
• Common Gross Gross sales:  $116,850
• Quantity and Proportion of Franchisees at or Above Common:  4 (57%)
• Median Gross Gross sales:  $125,518
• Quantity and Proportion of Franchisees at or Above Median:  4 (57%)
• Lowest Gross Gross sales:  $83,560
• Highest Gross Gross sales:  $144,293
• Lowest POP:  311,929
• Highest POP:  847,447

All Franchisees

• Complete Franchisees:  20
• Common Gross Gross sales:  $235,689
• Quantity and Proportion of Franchisees at or Above Common:  6 (30%)
• Median Gross Gross sales:  $191,241
• Quantity and Proportion of Franchisees at or Above Median:  10 (50%)
• Lowest Gross Gross sales:  $83,560
• Highest Gross Gross sales:  $555,939
• Lowest POP:  269,756
• Highest POP:  1,904,892

Half 2 – Assertion of Common and Median Income Per Job for Calendar Yr 2021

• The next is an announcement of common and median income per job for calendar yr 2021 for U.S. PatchMaster franchisees based mostly on the tertile rankings subsets from the primary Common Gross Gross sales desk, above.

• This data was compiled from information reported by franchisees within the required enterprise administration software program that PatchMaster can entry. This assertion has not been audited and PatchMaster has not undertaken to independently confirm the accuracy of the knowledge submitted to it by the franchisees.

• In computing the numbers and tertile rankings for Half 2, a complete of 44 franchises have been excluded: 29 franchises have been excluded as a result of they started operations after January 1, 2021; 9 franchises have been excluded as a result of PatchMaster didn’t obtain ample month-to-month gross sales stories in the course of the reporting interval; and 6 franchises have been excluded as a result of their franchise was terminated, expired, or transferred previous to December 31, 2021.

1st Tertile

• Complete Franchisees:  6
• Common Job Measurement:  $1,109
• Quantity and Proportion of Franchisees at or Above Common:  2 (33%)
• Median Job Measurement:  $1,030
• Quantity and Proportion of Franchisees at or Above Median:  3 (33%)
• Lowest Job Measurement:  $898
• Highest Job Measurement:  $1,690
• Lowest POP:  556,045
• Highest POP:  1,904,892

2nd Tertile

• Complete Franchisees:  7
• Common Job Measurement:  $1,132
• Quantity and Proportion of Franchisees at or Above Common:  4 (57%)
• Median Job Measurement:  $1,172
• Quantity and Proportion of Franchisees at or Above Median:  4 (57%)
• Lowest Job Measurement:  $622
• Highest Job Measurement:  $2,357
• Lowest POP:  269,756
• Highest POP:  894,556

third Tertile

• Complete Franchisees:  7
• Common Job Measurement:  $1,119
• Quantity and Proportion of Franchisees at or Above Common:  3 (43%)
• Median Job Measurement:  $1,019
• Quantity and Proportion of Franchisees at or Above Median:  4 (57%)
• Lowest Job Measurement:  $659
• Highest Job Measurement:  $4,373
• Lowest POP:  311,929
• Highest POP:  847,447

All Franchisees

• Complete Franchisees:  20
• Common Job Measurement:  $1,117
• Quantity and Proportion of Franchisees at or Above Common:  9 (45%)
• Median Job Measurement:  $1,069
• Quantity and Proportion of Franchisees at or Above Median:  10 (50%)
• Lowest Job Measurement:  $62
• Highest Job Measurement:  $4,373
• Lowest POP:  269,756
• Highest POP:  1,904,892

• Franchisees included on this compilation are situated within the following states: Arizona, Florida, Georgia, Indiana, Louisiana, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, South Dakota, Texas, Utah, and Wisconsin. Most of those franchisees function in a number of franchise territories.

Half 3 – Assertion of Gross Revenue for Calendar Yr 2021

• The next is an announcement of gross revenue and associated data for calendar yr 2021 for U.S. PatchMaster franchisees based mostly on the tertile rankings subsets sorted by Gross Revenue quantity.

• This data was compiled from information reported by franchisees to PatchMaster. This assertion has not been audited and PatchMaster has not undertaken to independently confirm the accuracy of the knowledge submitted to it by the franchisees.

1st Tertile

• Common Complete Earnings:  $513,883 (100%)
• Common Labor Bills:  $172,424 (34%)
• Common Materials Bills:  $43,831 (9%)
• Common Price of Items Bought:  $219,439 (43%)
• Common Gross Revenue:  $294,443 (57%)

2nd Tertile

• Common Complete Earnings:  $262,455 (100%)
• Common Labor Bills:  $99,832 (38%)
• Common Materials Bills:  $17,114 (7%)
• Common Price of Items Bought:  $116,946 (45%)
• Common Gross Revenue:  $145,508 (55%)

third Tertile

• Common Complete Earnings:  $121,613
• Common Labor Bills:  $42,949 (35%)
• Common Materials Bills:  $11,566 (10%)
• Common Price of Items Bought:  $54,520 (45%)
• Common Gross Revenue:  $67,093 (55%)

• Gross Revenue means Complete Gross sales minus prices of products offered which included labor and supplies bills equivalent to salaries and wages, payroll expense, contractors funds, rental tools, and so on.

• Complete Gross sales refers back to the whole gross sales and revenue from the franchise in the course of the 2021 reporting interval.

• The Gross Revenue calculations and numbers outlined within the desk above don’t mirror earnings or margins calculated by evaluating gross sales to all working bills. Sure normal operational bills outdoors of the prices of products offered and labor and supplies bills as outlined are usually not mirrored within the desk above, equivalent to the continued charges payable to PatchMaster, equivalent to royalties and minimums, advertising contributions, expertise charges, and software program charges; and different working bills, equivalent to automotive bills, advertising bills, workplace provides, skilled charges, and different typical working bills. You can be anticipated to pay the royalty payment, advertising contributions, expertise charges, and software program charges required in your franchise settlement.

Part VI – PatchMaster Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️