16 frequently asked questions answered with data from the 2024 Franchise Disclosure Document.
The total initial investment to open a The Paterson Center, LLC franchise ranges from $21K to $111K (2024 FDD). This includes the franchise fee, equipment, build-out, inventory, and working capital needed before opening.
View full investment analysisThe initial franchise fee for The Paterson Center, LLC is $38K (2024 FDD). This one-time fee is paid to the franchisor when signing the franchise agreement and covers the right to use the brand, systems, and initial training.
View full investment analysisData sourced from the The Paterson Center, LLC 2024 Franchise Disclosure Document (FDD). Always review the most current FDD and consult with a franchise attorney before making investment decisions.
No, The Paterson Center, LLC does not require franchisees to have dedicated real estate (2024 FDD). This can significantly reduce startup costs and ongoing overhead.
View full investment analysisThe Paterson Center, LLC charges a royalty fee of 2.0% of gross sales (2024 FDD). This ongoing fee is typically paid weekly or monthly to the franchisor for continued use of the brand and support systems.
View full fees analysisThe total ongoing fee rate for a The Paterson Center, LLC franchise is approximately 2.0% of gross sales (2024 FDD). This includes the royalty fee, and other recurring charges.
View full fees analysisThe Paterson Center, LLC has been involved in 1 litigation cases over the past 3 years (2024 FDD). There are no class action lawsuits pending.
View full litigation analysisNo, the The Paterson Center, LLC franchisor has no bankruptcy filings in their disclosure history (2024 FDD).
View full litigation analysisThe Paterson Center, LLC offers non-exclusive territory rights to its franchisees (2024 FDD). The franchise agreement does not include encroachment protection. Franchisees retain online sales rights for their territory.
View full territory analysisThe Paterson Center, LLC currently operates 77 locations (2024 FDD) (68 franchised, 9 company-owned). The system grew by 862.5% over the past year. The 3-year compound annual growth rate is 134.1%.
View full growth analysisThe 1-year franchisee turnover rate for The Paterson Center, LLC is 0.0% (2024 FDD). This includes closures, terminations, non-renewals, and transfers. A lower turnover rate generally indicates higher franchisee satisfaction and system stability.
View full growth analysisThe Paterson Center, LLC does not include an Item 19 financial performance representation in their FDD (2024 FDD). This means the franchisor has chosen not to disclose revenue, profit, or other financial figures in the Franchise Disclosure Document.
View full financials analysisThe initial franchise agreement term for The Paterson Center, LLC is 1 years (2024 FDD). The total potential term is 1 years.
View full contract analysisThe Paterson Center, LLC's post-termination non-compete clause restricts former franchisees from operating a competing business for 0 years within 0 miles of the former location (2024 FDD).
View full legal analysisYes, The Paterson Center, LLC's franchise agreement requires mandatory arbitration for dispute resolution (2024 FDD). The agreement includes a jury trial waiver.
View full legal analysisThe Paterson Center, LLC provides 193 hours of initial training over approximately 30 weeks (2024 FDD). The cost of training is covered by the franchisor (travel and lodging are typically the franchisee's responsibility). Ongoing field support is provided on a as-needed basis.
View full support analysisThe Paterson Center, LLC does not provide site selection assistance (2024 FDD). Franchisees are responsible for finding and securing their own location. The franchisor also provides technology support and systems.
View full support analysis