Gojoe Patrol Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$90,900 - $152,100
Franchise Fee
$22,400
Min Cash Required
$15,000
Total US Locations
4
Business Summary
GoJoe Patrol businesses offer security services to commercial and residential customers. The company focuses on utilizing approachable and well-trained personnel, along with distinctive patrol vehicles that act as a deterrent to criminals. GoJoe Patrol is also committed to serving its communities and reducing its carbon footprint by purchasing carbon offset credits. Each business operates under a proprietary operating system that includes standards for vehicles, uniforms, office setup, operations, staffing, customer service, technology, and marketing.
Corporate History
GoJoe Patrol Franchising LLC was formed as a Washington limited liability company in August 2020. The company began offering franchises for its GoJoe Patrol businesses in April 2021. GoJoe Patrol Franchising LLC does not have any predecessor companies or a parent company. However, its affiliate, State Protection Services, Inc. (SPS), was formed in July 1997 and opened its first GoJoe Patrol business in August 2011. SPS owns the trademarks and intellectual property related to GoJoe Patrol businesses, which GoJoe Patrol Franchising LLC licenses to its franchisees.
Financial Overview
Investment Range
$90,900 - $152,100
Franchise Fee (Low)
$22,400
Franchise Fee (High)
$60,000
Minimum Cash Required
$15,000
Royalty %
5%
Marketing %
2%
Equipment Costs (Low)
$11,250
Equipment Costs (High)
$17,700
Working Capital
$18,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The franchisor's financial condition, as reflected in its financial statements, calls into question GoJoe Patrol Franchising LLC's financial ability to provide services and support to franchisees. Several state regulators have also required financial assurances, leading to conditions such as deferring the collection of initial fees until certain pre-opening obligations are met and the franchised business opens. While the financial statements show an improvement from a net loss and deficit in members' equity in 2023 to a net income and positive equity in 2024, the FDD explicitly highlights the financial condition as a special risk.
Financing Details
GoJoe Patrol Franchising LLC does not offer any direct or indirect financing to franchisees. The franchisor also does not guarantee any notes, leases, or obligations of the franchisee.
Performance Metrics
Total US Locations
4
Franchised Units
2
Corporate Units
2
Avg Square Footage
600
Franchising Since
2021
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
GoJoe Patrol Franchising LLC has no litigation to report, as no litigation is required to be disclosed in Item 3 of the FDD.
Bankruptcy History
GoJoe Patrol Franchising LLC has no bankruptcy history to report, as no bankruptcy is required to be disclosed in Item 4 of the FDD.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To be eligible for renewal, GoJoe Patrol franchisees must provide timely written notice of their intent to renew, be in good standing with no defaults, prove their right to occupy their office location, agree to renovate and modernize their business to current standards, meet the franchisor's new franchisee qualification and training requirements, and sign the then-current successor franchise agreement and pay a successor franchise fee.
Training & Support Program
Franchisor Assistance
Before a GoJoe Patrol business opens, the franchisor provides general site selection criteria, reviews lease terms, offers specifications for equipment, vehicles, and office layout, loans the operating Manual, conducts initial training, and provides pre-opening and opening supervision and assistance, including a marketing and sales blitz plan template. After opening, GoJoe Patrol Franchising LLC helps establish House Account arrangements, administers the Brand Fund and provides advertising materials for purchase, offers operational advice and written materials on managing the business, and provides a list of Authorized Suppliers. For the first two businesses, a representative will provide up to five days of opening training on-site.
Initial Training Hours
52
Training Location
Webinar and Corporate Office in Spokane Valley, WA
Ongoing Support
After opening, GoJoe Patrol franchisees receive ongoing advice and written materials on managing their business. The franchisor provides a list of Authorized Suppliers and reviews nominated suppliers. Franchisees must comply with a quality assurance program, including inspections and surveys, and may be required to undertake additional training if quality standards are not met. Franchisees (and/or their Operating Principal) are required to attend periodic conventions, regional meetings, and conferences, for which they are responsible for registration and travel costs. The franchisor also conducts periodic inspections of operations to provide assistance and ensure compliance with the System.
Franchise Requirements
Ideal Candidate Profile
GoJoe Patrol seeks individuals or entities with strong business acumen, sound financial standing, and upstanding personal character. Ideal candidates are committed to community safety and environmental responsibility. They should meet educational, managerial, and business standards, possess a good moral character and business reputation, and have a solid credit rating. While prior experience in security or related fields is beneficial, a strong aptitude for operating the GoJoe Patrol business is essential. Candidates must also be able to secure a commercial office space, obtain all required licenses and permits, and demonstrate sufficient financial resources to establish and operate the business effectively.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Supervisory
Territory Type
Protected
Territory Size Requirements
GoJoe Patrol typically designates territories as counties with populations between 250,000 and 500,000 people. However, the franchisor may use different territory designations in areas that are either densely or sparsely populated.
Staffing Notes
GoJoe Patrol franchisees are required to maintain a competent, conscientious, and well-trained staff in numbers sufficient to promptly service customers in accordance with the franchisor's System standards. Franchisees must conduct background checks on any employee providing security services and ensure all staff members and security personnel obtain and maintain necessary licenses and certifications for their positions. Franchisees are solely responsible for all employment decisions, including hiring, firing, training, and compliance with labor laws.