Why Invest In A Family Business?
Every day, millions of Americans go off to their jobs and spend the majority of their day away from their family, only to come back from work tired with a growing list of responsibilities to do around the house. All the reason more people across the country are finding the value in running a family-owned business. According to a recent study, family businesses account for 64% of U.S. gross domestic product, generate about 62% of the country’s employment, and account for nearly 80% of all new job growth. In the U.S. alone, there are 5.5 million family-operated businesses, employing over 98 million people.
Investing in a business with your family offers many benefits, including a level of stability and commitment not found in other business opportunities. When a family starts a business together, they are in it for the long haul and depend on each other in order to succeed. Families often share common values and have the same outlook on what the culture of the company should be. While leadership roles are often well-defined, family run businesses often find there’s an extra level of trust that’s unmatched when it comes to other business ventures.
“When a family-owned business can sustain itself across multiple generations, the consistency and stability this framework provides is central to the company’s success,” according to Forbes magazine. “With the strengths of many generations funneled into a common goal of succeeding as both a family and a company, this structure of running a business can have impressive longevity.”
The Patch Boys is a Perfect Family Business
As the go-to drywall repair company across the country, The Patch Boys provides a great opportunity for families looking to invest in and run a business together. For starters, The Patch Boys have cultivated a family-like atmosphere among its corporate support team and franchisees through the robust training and support program that emphasizes communication and transparency.
“The Patch Boys won’t simply sell you a franchise and then walk away, hoping you do well. We are a family, and we’re here to work together and grow together,” says Ted Speers, Brand President of The Patch Boys. “You’ll work side-by-side with our training and support team throughout the start-up process, so you can understand every aspect of our business model and company. We’re really excited about The Patch Boys franchise opportunity, and we’re positioned well to dominate this segment and become the go-to resource for drywall repairs across the nation. As we continue to grow, we’re excited to welcome entrepreneurs to our franchise family in the years to come.”
Proven Business Model
The Patch Boys business model is designed for continued growth. We intentionally specialize in a limited number of services focused on drywall repair, making it simple for franchise owners to quickly get a grasp on our operations and start making a profit. Plus, our business model only requires a few employees and a minimal amount of equipment. This means that families who invest in The Patch Boys have a quicker ramp-up time, allowing our franchise owners to hit the ground running early on.
“Our job is to help our franchise owners run profitable businesses, and we never lose sight of that,” Speers says. “The training and support that BELFOR Franchise Group provides is not only the best in the industry, but it’s also designed to help our franchise owners flourish in their businesses. We don’t leave anything to chance. We hold your hand through the entire process of getting your business established. We’ve got your back.”
Franchise Support
The comprehensive training program provided by The Patch Boys gets you comfortable repairing drywall in no time. As a family investing in the franchise, you’ll visit our state-of-the-art training facility in Ann Arbor, Michigan, which is fully equipped with hi-tech classrooms and areas for hands-on training, as well as expert instructors to help you every step of the way. Franchise owners and their families will also guide you on everything from business development, local marketing strategies, to our sales processes. We’re committed to helping you thrive and grow your business for the life of the franchise.
“BELFOR Franchise Group offers the best training and ongoing support that I’ve come across in the franchise industry,” says Doug Smith, SVP of Franchise Development with The Patch Boys. “We’ve considered every aspect of onboarding a new franchise owner, and have developed a comprehensive curriculum to get our franchisees up to speed quickly, so that when they’ve graduated, they’re ready to go into their markets and start generating revenue.”
Invest in The Patch Boys for Your Family Business!
Family-run businesses are part of the fabric of the American economy, and increasingly becoming the go-to choice for aspiring entrepreneurs looking to support their spouses and children. The Patch Boys is one of the most exciting franchise opportunities in the drywall repair industry. If you want to learn more, visit our research pages or make a request for more information today!