The Paterson Center Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$20,750 - $111,130
Franchise Fee
$15,000
Total US Locations
8
Business Summary
The Paterson Center operates a franchised business that offers entrepreneurial training, leadership, and business development products and services to business owners, executives, and leadership teams. The Paterson Center utilizes its proprietary LifePlan and/or StratOp platforms, which include proprietary tools, products, training, and facilitation materials, methods, techniques, practices, procedures, and processes.
Corporate History
The Paterson Center, LLC was formed on March 16, 2023, as a Delaware limited liability company and began offering Paterson franchises on July 17, 2023. Its parent company, Paterson Holdings, LLC, was formed earlier on April 21, 2008, and owns the core trademarks and intellectual property for the Paterson LifePlan and StratOp platforms. An operational affiliate, The Paterson Group, LLC, also formed on March 16, 2023, has operated businesses similar to the franchise, offering training on the Paterson Process to clients.
Financial Overview
Investment Range
$20,750 - $111,130
Franchise Fee (Low)
$15,000
Franchise Fee (High)
$37,500
Royalty %
2%
Equipment Costs (Low)
$500
Equipment Costs (High)
$2,000
Working Capital
$27,315
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The Paterson Center has not been operating for three years, so it provides only one year of audited financial statements, ending December 31, 2023. The company is a wholly-owned subsidiary of Paterson Holdings, LLC, which provides support for its operations. As of December 31, 2023, the company reported total assets of $473,739, with $412,334 in cash and cash equivalents, and total liabilities of $32,691. Net income for the year was $140,755, and members' equity totaled $441,048.
Financing Details
The Paterson Center does not offer any direct or indirect financing options to its franchisees. Additionally, it does not guarantee any notes, leases, or other financial obligations for its franchisees.
Performance Metrics
Total US Locations
8
Franchised Units
0
Corporate Units
8
Franchising Since
2023
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
The Paterson Center has no litigation history to report.
Bankruptcy History
The Paterson Center has no bankruptcy history to report.
Agreement Terms
Initial Term
1 years
Renewal Term
1 years
Renewal Conditions
To renew, Paterson Center franchisees must provide the required prior notice, satisfactorily complete any necessary maintenance and upgrades, maintain good standing, and fulfill all monetary obligations to The Paterson Center and its affiliates. They must also sign The Paterson Center's then-current franchise agreement, meet current new franchisee qualifications and training requirements, and execute a general release. Renewal is also contingent on The Paterson Center still offering and selling new franchises at that time.
Training & Support Program
Franchisor Assistance
The Paterson Center provides pre-opening support including temporary access to its training platform and other Paterson systems. Ongoing assistance involves listing the franchisee's business on its online directory, providing regular updates on information and programs, and ensuring compliance with data privacy and security requirements for client data. Optionally, The Paterson Center may offer advice and assistance from its employees or designees, host conferences and training programs, recommend pricing for services, and provide additional software or technology services, which may incur extra costs.
Initial Training Hours
193
Training Location
In-Person and Virtual
Ongoing Support
After opening, Paterson Center franchisees receive ongoing updates and information about the Paterson Franchise System and may have their business listed in an online directory. The Paterson Center may also periodically offer advice and assistance from its employees or designees. For franchisees in the SELECT tier, ongoing support includes an invitation to the annual Summit for Purposeful Impact, participation in quarterly virtual professional development and business development forums, a monthly professional development circular, and up to two Champion training sessions for each StratOp client.
Franchise Requirements
Ideal Candidate Profile
The Paterson Center is seeking individuals who meet specific qualifications, are willing to invest effort, and embody the company's core values. Prospective franchisees must have been a LifePlan client, demonstrate professional background and experience, possess the ability to acquire and retain clients, and pass a series of interviews assessing their intent for training and alignment with The Paterson Center's values.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Home-Based
Owner Participation
Hands-On
Territory Type
Non-Exclusive
Territory Size Requirements
The Paterson Center does not grant franchises for specific locations or provide protected or exclusive territories. Paterson franchisees are permitted to offer and sell applicable products and services anywhere in the world, subject to applicable law and the franchisor's reserved rights.
Staffing Notes
Staffing: The Paterson Center franchisees, as the designated Guide, are the only individuals permitted to provide Paterson Services to clients. Franchisees may hire additional personnel or administrative staff to assist with the business, but these individuals are not allowed to act as Guides or provide core services to clients. Franchisees are solely responsible for all hiring, firing, evaluation, and compensation decisions for any personnel they employ, as well as complying with all applicable employment laws.