The Patch Boys
Bottom line
- Total investment $75K – $106K including a $45K franchise fee, 8.0% ongoing royalty.
- Average unit revenue of $293K/year (median $252K).
- Rated MODERATE with a risk score of 59/100. SBA loan default rate of 0.0% across 15 loans (below the industry average).
- System contracting at -14.3% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one THE PATCH BOYS unit return on the cash you put in?
Unlevered ROIC · per unit
41%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 THE PATCH BOYS units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$469K
on $2.3M purchase
Total debt
$1.9M
SBA $1.2M + senior + seller note
Overview
About
The Patch Boys is a lawn care and landscaping franchise where franchisees operate service teams providing yard maintenance, lawn treatment, and seasonal property services to residential and commercial clients. Franchisees manage crews, customer acquisition, and service delivery within a protected territory, generating revenue through recurring service contracts and seasonal work.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 29 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
29
states with franchisees (per FDD Item 12)
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
This franchise presents HIGH RISK due to a contracting unit base (-7% YoY), serious regulatory violations involving criminal disclosure and unauthorized fund receipt, undisclosed net income figures, and litigation history suggesting systemic franchisor compliance failures.
Score breakdown · what drove the 59 / 100 rating
- 01MINORDeclining unit count (-7.0% YoY) indicates shrinking franchise system and potential franchisee dissatisfaction
- 02MINORMultiple regulatory actions including NY AG and Minnesota Department of Commerce investigations with consent orders suggest systemic compliance failures
- 03MEDNo disclosed average net income despite $293k average revenue raises profitability transparency concerns and questions about actual franchisee earnings
- 04HIGHLitigation history involving franchise law violations and improper disclosure of criminal convictions indicates governance and ethical issues with franchisor
- 05HIGHNo going concern status (False) combined with declining units suggests potential financial instability at corporate level
- 06MINORHigh royalty rate (8%) on declining revenue base may strain franchisee profitability as system contracts
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
39 numbers
One-time purchase · CSV download · Validation questions included
FDD download
THE PATCH BOYS · FDD (2026) PDF