Patriot Broadband
High-speed internet service for rural areas- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$220K - $380K
- Units as of 2022
-
1 50% over 3 years
Here’s what you need to know if you’re interested in opening a Patriot Broadband franchise.
Patriot Broadband is a brand that strives to make connectivity a reality for rural customers. It uses fiber optic cables and high-frequency radio waves to attempt to realize this dream. Patriot Broadband operates under the idea that no home, school, or business is too remote to receive high-speed and reliable internet at affordable rates.
Founded in 2016, Patriot Broadband was created to deliver fast internet to save customers from frustrations with poor connectivity. Patriot Broadband attempts to serve all budgets and needs with three standard plans for residential homes and custom packages for businesses and schools.
Since beginning to franchise in 2019, Patriot Broadband has dipped its toe in the franchisee market and is seeking to add more franchisees to its repertoire.
Why You May Want To Start Patriot Broadband Franchise
If you love efficiency and realize the potential for the internet in generating social change, Patriot Broadband could be an excellent franchise for you. Franchisees should have great customer service skills and a good work ethic, potentially making it easier to meet unique customer expectations.
Having technical skills isn't necessary, but some IT or computer services background can be highly beneficial.
Opening a Patriot Broadband franchise may offer a more predictable outcome than investing in a completely new brand. In the competitive internet service industry, opening a franchise with an established internet service provider may offer a foundation for success.
What Might Make a Patriot Broadband Franchise a Good Choice?
Patriot Broadband is a business that positions itself to serve Americans who don't have access to the most basic of internet service connections. For franchisees, working under the Patriot Broadband brand may be an opportunity to serve this market and improve the quality and level of service that they are offered.
Franchisees should expect to operate independently when installing equipment and setting up connections for customers seeking internet service. With a home-based model that gives franchisees flexibility, running a Patriot Broadband location could offer the chance to own a business with relatively low overhead costs and payroll.
To be part of the Patriot Broadband team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include royalty and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open a Patriot Broadband Franchise
Patriot Broadband views its operations as an excellent service to customers, and the company considers franchisees to be a crucial element in accomplishing its mission. Patriot Broadband is prepared to deliver expert training and support to all franchisees with additional access to its efficient systems. With inventory, billing, customer relationship management, and even reduced costs of supplies and equipment, the business believes it covers the needs of franchisees.
As you decide if opening a Patriot Broadband franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Patriot Broadband franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
After completing the initial steps of applying for a Patriot Broadband franchise, you should compile a set of questions as you move forward with an initial phone call and attend a discovery day at company headquarters in Miami, Florida.
Company Overview
About Patriot Broadband
- Industry
- Services (Other)
- Related Categories
- Miscellaneous Services, Miscellaneous Tech Businesses, Tech Businesses
- Founded
- 2016
- Parent Company
- Franchise Founders
- Leadership
- Stewart Newman, CFO
Franchising Overview
- Franchising Since
- 2019 (3 years)
- # of employees at HQ
- 6
- Where seeking
-
This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Maine, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, West Virginia, Wyoming
- # of Units
- 1 (as of 2022)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Patriot Broadband franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $50,000
- Initial Investment
- $219,800 - $379,800
- Net Worth Requirement
- $500,000
- Cash Requirement
- $100,000
- Royalty Fee
- 6%
- Ad Royalty Fee
- 1%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Patriot Broadband has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 24 hours
- Classroom Training
- 23 hours
- Additional Training
- As needed
- Ongoing Support
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Meetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
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Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- Yes
- Can this franchise be run part time?
- No
- # of employees required to run
- 1-2
- Are exclusive territories available?
- Yes
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