Franchise Deep Dive: The Patch Boys Franchise Costs, Fees, Profit and Data

LAST UPDATED: March 2023

FRANCHISE WEBSITE: https://www.thepatchboys.com/about/franchise-opportunities/ 

NUMBER OF LOCATIONS: 272

REPORTED COST TO GET IN: $47,568–$81,415

REPORTED ROI (Item 19): $293,781

The Patch Boys is a drywall repair concept that has grown to nearly 300 units in recent years. While drywall is used in the large majority of homes, it is also relatively easy to damage in everyday activities. There are do-it-yourself drywall repair kits available, but they quickly become more involved than the homeowner may expect. It’s often easiest to just call professionals.

Having established a name for itself in the booming home services industry, the concept is positioned for continued growth as it works to establish itself as a national go-to for drywall-related services.

“We’re the experts in drywall repair,” says Ted Speers, president of The Patch Boys. “We’re a young and energetic brand that faces little competition. We’ve spent the last several years proving our business model, and we have a large group of enthusiastic franchise owners who own thriving businesses that home and property owners really need. Drywall repair is a science and an art, and our brand is committed to a level of professionalism and customer service that is expected by customers and rare in the industry. This is a winning opportunity for entrepreneurs who are ready to own a business designed for growth.”

How Many The Patch Boys Locations Are There?

According to Entrepreneur, there are 272 operating territories. In 2021, the brand began a steep growth climb, and this trend appears to be continuing.

During the height of the pandemic, the home services market exploded as more people were spending substantial amounts of time at home. Now, Angi reports that “the total addressable market for home services is $657.4 billion.” 

If this level of demand persists in the home services market, and The Patch Boys is able to maintain its growth trajectory, the franchise will be well-positioned to explode in the coming years.

As it grows, The Patch Boys has enjoyed the support of the BELFOR Franchise Group, a family of 13 home services concepts. 

“BELFOR is one of the most trusted names in service, cleaning, maintenance and restoration franchises,” the group says. “We have a strong market presence and brand recognition, an attribute that takes time to cultivate.”

What Is The Patch Boys’ Business Model?

The Patch Boys business model relies heavily on two pieces of information: 96% of homes have drywall, and drywall damage, at some point, is inevitable. From here, the franchisor positions its owners to provide friendly, high-quality and time-sensitive service.

The Patch Boys owners offer drywall repair, ceiling repair, paint matching, drywall installation, popcorn ceiling removal and texture matching.

“Our average job only takes a few hours to complete, which means that your team can complete multiple jobs per day,” the website says. “This ability to offer a quick turnaround to your customers results in increased profit-potential, as well as potentially reducing the ramp-up time that it takes to become established in business.”

How Much Can The Patch Boys Franchise Owners Make?

According to the brand’s 2022 Franchise Disclosure Document (FDD), the average revenue for owners of The Patch Boys is $293,781. However, this number was calculated using data from 34 individuals who owned a total of 79 territories.

Entrepreneur reports an extreme jump in unit count over the past three years, bringing the total to 272, so prospective franchisees should obtain the most up-to-date FDD from the franchisor as it’s likely these amounts have changed. 

How Much Does It Cost To Open The Patch Boys?

The total estimated cost to open The Patch Boys is $47,568–$81,415. This includes the following expenses:

• Initial Package Fee: $7,250
• 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–$2,500
• Initial Advertising and Marketing: $500–$2,500
• Miscellaneous Pre-Opening Expenses: $1,500–$5,000
• Additional Working Capital (Three Months): $12,000–$15,000

What Is the Franchise Fee for The Patch Boys?

The franchise fee for The Patch Boys is $29,500.

Who Is the Leadership of The Patch Boys?

• Rusty Amarante—President of BELFOR Franchise Group
• Sheldon Yellen—Chief Executive Officer of BELFOR Franchise Group
• Ted Speers—President of The Patch Boys
• Doug Smith—Senior Vice President of Franchise Sales and Development
• Ken Osness—Vice President of Franchise Development

What Helpful Articles Can I Read To Learn More?

• Franchise Opportunities—The Patch Boys
• The Patch Boys—Belfor Franchise Group
• The Patch Boys Franchise Review: Q&A with Bill Weber

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