The Patch Boys Franchise Prices, Charges, Revenues, Earnings (2023 Overview)

On this unique Franchise Chatter FDD Discuss publish, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for The Patch Boys franchise, primarily based on Merchandise 7 of the corporate’s 2023 FDD

Part II – Preliminary franchise price, royalty price, and advertising price for The Patch Boys franchise, primarily based on Objects 5 and 6 of the corporate’s 2023 FDD

Part III – Variety of franchised and company-owned The Patch Boys shops in the beginning of the 12 months and the tip of the 12 months for 2020, 2021, and 2022, primarily based on Merchandise 20 of the corporate’s 2023 FDD

Part IV – Information updates on The Patch Boys franchise alternative

Part V – Presentation and evaluation of The Patch Boys’ monetary efficiency representations (common revenues and/or income), primarily based on Merchandise 19 of the corporate’s 2023 FDD, together with info on the:

• 2022 variety of homeowners; variety of lively territories; common lively territories per proprietor; common, median, most, and minimal income per proprietor; common, median, most, and minimal income per lively territory; complete jobs; common, median, most, and minimal job worth; and common, median, most, and minimal years working for the highest 5%, 1st quartile, 2nd quartile, third quartile, 4th quartile, backside 5%, and all 53 franchisees (the “Represented Franchise Homeowners”), who collectively personal 130 The Patch Boys companies (the “Represented Franchises”), who’ve owned their companies at the very least 1 12 months as of December 31, 2022, and operated these franchises all through all of 2022

• 2022 variety of homeowners; variety of lively territories; common lively territories per proprietor; common, median, most, and minimal income per proprietor; common, median, most, and minimal income per lively territory; complete jobs; common, median, most, and minimal job worth; and common, median, most, and minimal years working for the Consultant Franchise Homeowners with 1 license owned, 2 licenses owned, and three or extra licenses owned

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

Part I – The Patch Boys Franchise Prices

• Preliminary Franchise Payment:  $29,500
• Preliminary Bundle Payment:  $8,500
• Lease Deposit and First Month’s Hire, Utilities:  $0 to $2,000
• Leasehold Enhancements:  $0 to $2,000
• Exterior Signage:  $0 to $2,000
• Licenses/Permits:  $0 to $500
• Expertise System:  $100 to $2,000
• Preliminary Provides and Stock:  $1,000 to $3,000
• Insurance coverage:  $2,093 to $5,165
• Automobiles:  $0 to $3,000
• Prices Incurred Whereas Attending Coaching:  $1,000 to $5,000
• Preliminary Promoting and Advertising and marketing:  $500 to $2,500
• Miscellaneous Pre-Opening Bills:  $1,500 to $5,000
• Further Working Capital for 3 Months:  $15,000 to $20,000
• Whole Estimated The Patch Boys Franchise Prices:  $59,193 to $90,165

Part II – The Patch Boys’ Preliminary Franchise Payment, Royalty Payment, and Advertising and marketing Payment

• Preliminary Franchise Payment:  $29,500
• Royalty Payment:  8% of Gross Gross sales; in the event you fail to attain the Minimal Gross Gross sales that The Patch Boys designates, it could accumulate a minimal Royalty
• Nationwide Advertising and marketing Payment:  none at present assessed; with 120 days’ written discover, 2% of Gross Gross sales

Part III – Variety of Franchised and Firm-Owned The Patch Boys Shops

Franchised

2020

• Shops on the Begin of the 12 months:  92
• Shops on the Finish of the 12 months:  100
• Web Change:  +8

2021

• Shops on the Begin of the 12 months:  100
• Shops on the Finish of the 12 months:  192
• Web Change:  +92

2022

• Shops on the Begin of the 12 months:  192
• Shops on the Finish of the 12 months:  298
• Web Change:  +108

Firm-Owned

2020

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Web Change:  0

2021

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Web Change:  0

2022

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Web Change:  0

Part IV – Information Updates on The Patch Boys Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Earnings) for The Patch Boys Franchise (Merchandise 19, 2023 FDD)

• The Patch Boys at present requires all franchise homeowners to supply periodic income and different monetary experiences regarding their franchises. The Patch Boys reconciled the income and different info offered by the franchisees referring to the operation of their The Patch Boys Enterprise throughout 2022.

• The Patch Boys has introduced monetary info from 53 franchisees (the “Represented Franchise Homeowners”). The Represented Franchise Homeowners collectively personal 130 The Patch Boys Companies (the “Represented Franchises”).

• To be included, franchise homeowners should have owned their companies at the very least 1 12 months as of December 31, 2022, and operated these franchises all through all of 2022. The Patch Boys excluded 168 franchise territories from this Merchandise 19 that didn’t meet that standards.

• The Represented Franchise Homeowners have been in enterprise for a mean of two.8 years of their markets and function in a mixture of city, suburban, and rural areas, disbursed geographically all through the U.S.

• Some function on a part-time foundation; nonetheless all supply the identical services and products that The Patch Boys authorizes new The Patch Boys Companies to promote.

• Within the beneath charts, The Patch Boys presents the historic monetary efficiency of the Represented Franchise Homeowners throughout the 1 12 months interval from January 1, 2022 to December 31, 2022 (the “Measurement Interval”).

Half 1 – Common and Median Income of the Represented Franchise Homeowners, Grouped by Quartile, Prime 5%, and Backside 5%

Prime 5%

• Variety of Homeowners:  3
• Variety of Lively Territories:  17
• Common Lively Territories Per Proprietor:  5.7
• Common Income Per Proprietor:  $946,050
• Median Income Per Proprietor:  $990,886
• Most Income Per Proprietor:  $1,067,474
• Minimal Income Per Proprietor:  $779,792
• Proportion of Homeowners Exceeding Common Income Per Proprietor:  67%
• Variety of Homeowners Exceeding Common Income Per Proprietor:  2

1st Quartile

• Variety of Homeowners:  13
• Variety of Lively Territories:  49
• Common Lively Territories Per Proprietor:  3.8
• Common Income Per Proprietor:  $620,813
• Median Income Per Proprietor:  $540,031
• Most Income Per Proprietor:  $1,067,474
• Minimal Income Per Proprietor:  $377,217
• Proportion of Homeowners Exceeding Common Income Per Proprietor:  46%
• Variety of Homeowners Exceeding Common Income Per Proprietor:  6

2nd Quartile

• Variety of Homeowners:  14
• Variety of Lively Territories:  34
• Common Lively Territories Per Proprietor:  2.4
• Common Income Per Proprietor:  $285,012
• Median Income Per Proprietor:  $274,967
• Most Income Per Proprietor:  $349,776
• Minimal Income Per Proprietor:  $241,765
• Proportion of Homeowners Exceeding Common Income Per Proprietor:  43%
• Variety of Homeowners Exceeding Common Income Per Proprietor:  6

third Quartile

• Variety of Homeowners:  13
• Variety of Lively Territories:  25
• Common Lively Territories Per Proprietor:  1.9
• Common Income Per Proprietor:  $197,596
• Median Income Per Proprietor:  $198,129
• Most Income Per Proprietor:  $241,497
• Minimal Income Per Proprietor:  $162,316
• Proportion of Homeowners Exceeding Common Income Per Proprietor:  54%
• Variety of Homeowners Exceeding Common Income Per Proprietor:  7

4th Quartile

• Variety of Homeowners:  13
• Variety of Lively Territories:  22
• Common Lively Territories Per Proprietor:  1.7
• Common Income Per Proprietor:  $80,631
• Median Income Per Proprietor:  $80,416
• Most Income Per Proprietor:  $150,831
• Minimal Income Per Proprietor:  $25,300
• Proportion of Homeowners Exceeding Common Income Per Proprietor:  46%
• Variety of Homeowners Exceeding Common Income Per Proprietor:  6

Backside 5%

• Variety of Homeowners:  3
• Variety of Lively Territories:  4
• Common Lively Territories Per Proprietor:  1.3
• Common Income Per Proprietor:  $32,724
• Median Income Per Proprietor:  $34,721
• Most Income Per Proprietor:  $38,152
• Minimal Income Per Proprietor:  $25,300
• Proportion of Homeowners Exceeding Common Income Per Proprietor:  67%
• Variety of Homeowners Exceeding Common Income Per Proprietor:  2

Whole

• Variety of Homeowners:  53
• Variety of Lively Territories:  130
• Common Lively Territories Per Proprietor:  2.5
• Common Income Per Proprietor:  $295,805
• Median Income Per Proprietor:  $241,765
• Most Income Per Proprietor:  $1,067,474
• Minimal Income Per Proprietor:  $25,300
• Proportion of Homeowners Exceeding Common Income Per Proprietor:  34%
• Variety of Homeowners Exceeding Common Income Per Proprietor:  18

Half 2 – Common and Median Income Per Lively Territory, Grouped by Quartile, Prime 5%, and Backside 5%

Prime 5%

• Common Income Per Lively Territory:  $166,950
• Median Income Per Lively Territory:  $152,496
• Most Income Per Lively Territory:  $495,443
• Minimal Income Per Lively Territory:  $97,474
• Variety of Homeowners Exceeding Common Income Per Territory:  1
• Proportion of Homeowners Exceeding Common Income Per Territory:  33%

1st Quartile

• Common Income Per Lively Territory:  $164,705
• Median Income Per Lively Territory:  $169,178
• Most Income Per Lively Territory:  $495,443
• Minimal Income Per Lively Territory:  $67,508
• Variety of Homeowners Exceeding Common Income Per Territory:  7
• Proportion of Homeowners Exceeding Common Income Per Territory:  54%

2nd Quartile

• Common Income Per Lively Territory:  $117,358
• Median Income Per Lively Territory:  $118,737
• Most Income Per Lively Territory:  $286,314
• Minimal Income Per Lively Territory:  $83,350
• Variety of Homeowners Exceeding Common Income Per Territory:  7
• Proportion of Homeowners Exceeding Common Income Per Territory:  64%

third Quartile

• Common Income Per Lively Territory:  $102,750
• Median Income Per Lively Territory:  $127,519
• Most Income Per Lively Territory:  $241,497
• Minimal Income Per Lively Territory:  $60,439
• Variety of Homeowners Exceeding Common Income Per Territory:  6
• Proportion of Homeowners Exceeding Common Income Per Territory:  46%

4th Quartile

• Common Income Per Lively Territory:  $47,646
• Median Income Per Lively Territory:  $44,763
• Most Income Per Lively Territory:  $80,416
• Minimal Income Per Lively Territory:  $17,361
• Variety of Homeowners Exceeding Common Income Per Territory:  6
• Proportion of Homeowners Exceeding Common Income Per Territory:  46%

Backside 5%

• Common Income Per Lively Territory:  $24,543
• Median Income Per Lively Territory:  $25,300
• Most Income Per Lively Territory:  $38,152
• Minimal Income Per Lively Territory:  $17,361
• Variety of Homeowners Exceeding Common Income Per Territory:  2
• Proportion of Homeowners Exceeding Common Income Per Territory:  67%

Whole

• Common Income Per Lively Territory:  $120,598
• Median Income Per Lively Territory:  $105,670
• Most Income Per Lively Territory:  $495,443
• Minimal Income Per Lively Territory:  $17,361
• Variety of Homeowners Exceeding Common Income Per Territory:  23
• Proportion of Homeowners Exceeding Common Income Per Territory:  43%

Half 3 – Whole Jobs, Common Job Worth, and Median Job Worth Per Represented Franchise Proprietor, Grouped by Quartile, Prime 5%, and Backside 5%

Prime 5%

• Whole Jobs:  1,963
• Common Job Worth:  $1,516.69
• Median Job Worth:  $1,759.15
• Max Job Worth:  $1,928.32
• Min Job Worth:  $862.61
• Common Years Working:  4.7
• Median Years Working:  4.0
• Max Years Working:  6.0
• Min Years Working:  4.0
• Variety of Homeowners Exceeding Common Job Worth:  2.0
• Proportion of Homeowners Exceeding Common Job Worth:  67%

1st Quartile

• Whole Jobs:  5,743
• Common Job Worth:  $1,430.99
• Median Job Worth:  $1,293.67
• Max Job Worth:  $1,928.32
• Min Job Worth:  $862.61
• Common Years Working:  2.9
• Median Years Working:  3.0
• Max Years Working:  6.0
• Min Years Working:  1.0
• Variety of Homeowners Exceeding Common Job Worth:  6.0
• Proportion of Homeowners Exceeding Common Job Worth:  46%

2nd Quartile

• Whole Jobs:  2,954
• Common Job Worth:  $1,456.77
• Median Job Worth:  $1,254.41
• Max Job Worth:  $3,085.87
• Min Job Worth:  $825.41
• Common Years Working:  1.8
• Median Years Working:  1.0
• Max Years Working:  4.0
• Min Years Working:  1.0
• Variety of Homeowners Exceeding Common Job Worth:  5.0
• Proportion of Homeowners Exceeding Common Job Worth:  36%

third Quartile

• Whole Jobs:  2,444
• Common Job Worth:  $1,344.76
• Median Job Worth:  $1,141.69
• Max Job Worth:  $2,497.53
• Min Job Worth:  $423.00
• Common Years Working:  2.9
• Median Years Working:  2.0
• Max Years Working:  7.0
• Min Years Working:  1.0
• Variety of Homeowners Exceeding Common Job Worth:  4.0
• Proportion of Homeowners Exceeding Common Job Worth:  31%

4th Quartile

• Whole Jobs:  967
• Common Job Worth:  $1,186.34
• Median Job Worth:  $1,141.65
• Max Job Worth:  $1,843.65
• Min Job Worth:  $630.27
• Common Years Working:  28
• Median Years Working:  3.0
• Max Years Working:  6.0
• Min Years Working:  1.0
• Variety of Homeowners Exceeding Common Job Worth:  5.0
• Proportion of Homeowners Exceeding Common Job Worth:  38%

Backside 5%

• Whole Jobs:  259
• Common Job Worth:  $1,055.20
• Median Job Worth:  $1,051.67
• Max Job Worth:  $1,373.00
• Min Job Worth:  $740.92
• Common Years Working:  3.7
• Median Years Working:  3.0
• Max Years Working:  6.0
• Min Years Working:  2.0
• Variety of Homeowners Exceeding Common Job Worth:  1.0
• Proportion of Homeowners Exceeding Common Job Worth:  33%

Whole

• Whole Jobs:  12,108
• Common Job Worth:  $1,356.64
• Median Job Worth:  $1,251.89
• Max Job Worth:  $3,085.87
• Min Job Worth:  $423.00
• Common Years Working:  2.6
• Median Years Working:  2.0
• Max Years Working:  7.0
• Min Years Working:  1.0
• Variety of Homeowners Exceeding Common Job Worth:  21.0
• Proportion of Homeowners Exceeding Common Job Worth:  40%

Half 4 – Common and Median Income of the Represented Franchise Homeowners, Grouped by Variety of Franchises Owned by Every Represented Franchise Proprietor

1 License Owned

• Variety of Homeowners:  11
• Variety of Lively Territories:  11
• Common Lively Territories Per Proprietor:  1.0
• Common Income Per Proprietor:  $173,669
• Median Income Per Proprietor:  $163,409
• Most Income Per Proprietor:  $464,202
• Minimal Income Per Proprietor:  $25,300
• Proportion of Homeowners Exceeding Common Income Per Proprietor:  36%
• Variety of Homeowners Exceeding Common Income Per Proprietor:  4

2 Licenses Owned

• Variety of Homeowners:  22
• Variety of Lively Territories:  44
• Common Lively Territories Per Proprietor:  2.0
• Common Income Per Proprietor:  $242,927
• Median Income Per Proprietor:  $194,740
• Most Income Per Proprietor:  $990,886
• Minimal Income Per Proprietor:  $34,721
• Proportion of Homeowners Exceeding Common Income Per Proprietor:  32%
• Variety of Homeowners Exceeding Common Income Per Proprietor:  7

3 or Extra Licenses Owned

• Variety of Homeowners:  20
• Variety of Lively Territories:  75
• Common Lively Territories Per Proprietor:  3.8
• Common Income Per Proprietor:  $421,146
• Median Income Per Proprietor:  $344,757
• Most Income Per Proprietor:  $1,067,474
• Minimal Income Per Proprietor:  $181,318
• Proportion of Homeowners Exceeding Common Income Per Proprietor:  35%
• Variety of Homeowners Exceeding Common Income Per Proprietor:  7

Whole

• Variety of Homeowners:  53
• Variety of Lively Territories:  130
• Common Lively Territories Per Proprietor:  2.5
• Common Income Per Proprietor:  $295,805
• Median Income Per Proprietor:  $241,765
• Most Income Per Proprietor:  $1,067,474
• Minimal Income Per Proprietor:  $25,300
• Proportion of Homeowners Exceeding Common Income Per Proprietor:  34%
• Variety of Homeowners Exceeding Common Income Per Proprietor:  18

Half 5 – Common and Median Income Per Lively Territory, Grouped by Variety of Franchises Owned by Every Represented Franchise Proprietor

1 Licensed Owned

• Common Income Per Lively Territory:  $173,669
• Median Income Per Lively Territory:  $163,409
• Most Income Per Lively Territory:  $464,202
• Minimal Income Per Lively Territory:  $25,300
• Variety of Homeowners Exceeding Common Income Per Territory:  4
• Proportion of Homeowners Exceeding Common Income Per Territory:  36%

2 Licenses Owned

• Common Income Per Lively Territory:  $121,464
• Median Income Per Lively Territory:  $97,370
• Most Income Per Lively Territory:  $495,443
• Minimal Income Per Lively Territory:  $17,361
• Variety of Homeowners Exceeding Common Income Per Territory:  7
• Proportion of Homeowners Exceeding Common Income Per Territory:  32%

3 or Extra Licenses Owned

• Common Income Per Lively Territory:  $111,707
• Median Income Per Lively Territory:  $101,572
• Most Income Per Lively Territory:  $213,853
• Minimal Income Per Lively Territory:  $60,439
• Variety of Homeowners Exceeding Common Income Per Territory:  9
• Proportion of Homeowners Exceeding Common Income Per Territory:  45%

Whole

• Common Income Per Lively Territory:  $120,598
• Median Income Per Lively Territory:  $105,670
• Most Income Per Lively Territory:  $495,443
• Minimal Income Per Lively Territory:  $17,361
• Variety of Homeowners Exceeding Common Income Per Territory:  23
• Proportion of Homeowners Exceeding Common Income Per Territory:  43%

Half 6 – Whole Jobs, Common Job Worth, and Median Job Worth Per Represented Franchise Proprietor, Grouped by Variety of Franchises Owned by Every Represented Franchise Proprietor

1 License Owned

• Whole Jobs:  1,849
• Common Job Worth:  $1,200.83
• Median Job Worth:  $1,141.69
• Max Job Worth:  $2,398.00
• Min Job Worth:  $423.00
• Common Years Working:  4.1
• Median Years Working:  4.0
• Max Years Working:  7.0
• Min Years Working:  1.0
• Variety of Homeowners Exceeding Common Job Worth:  3
• Proportion of Homeowners Exceeding Common Job Worth:  27%

2 Licenses Owned

• Whole Jobs:  3,525
• Common Job Worth:  $1,379.61
• Median Job Worth:  $1,339.28
• Max Job Worth:  $2,497.53
• Min Job Worth:  $630.27
• Common Years Working:  2.5
• Median Years Working:  3.0
• Max Years Working:  6.0
• Min Years Working:  1.0
• Variety of Homeowners Exceeding Common Job Worth:  11
• Proportion of Homeowners Exceeding Common Job Worth:  50%

3 or Extra Licenses Owned

• Whole Jobs:  6,734
• Common Job Worth:  $1,417.07
• Median Job Worth:  $1,271.95
• Max Job Worth:  $3,085.87
• Min Job Worth:  $862.61
• Common Years Working:  2.0
• Median Years Working:  1.0
• Max Years Working:  6.0
• Min Years Working:  6.0
• Variety of Homeowners Exceeding Common Job Worth:  6
• Proportion of Homeowners Exceeding Common Job Worth:  30%

Whole

• Whole Jobs:  12,108
• Common Job Worth:  $1,356.64
• Median Job Worth:  $1,251.89
• Max Job Worth:  $3,085.87
• Min Job Worth:  $423.00
• Common Years Working:  2.6
• Median Years Working:  2.0
• Max Years Working:  7.0
• Min Years Working:  1.0
• Variety of Homeowners Exceeding Common Job Worth:  21
• Proportion of Homeowners Exceeding Common Job Worth:  40%

• The figures in these tables mirror the precise outcomes reported by the Represented Franchise Homeowners.

• Some franchised companies have bought this quantity. Your particular person outcomes could differ. There isn’t any assurance that you simply’ll promote as a lot.

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