How Much Does It Cost to Invest in Speedy Patch Drywall Repair?

When father-and-son duo Christian Cagle and Evan Cagle started a drywall company in 2018, they always dreamed of building a solid model of business ownership and one day showing others the way. Four years later, the two are doing just that: they have grown Speedy Patch Drywall Repair into an emerging franchise.

“We want to create craftsmen and give people an opportunity to open their own business, learn a new trade and have a sense of independence to live the life they want. We have seen firsthand how well this model works and are excited to introduce it to interested parties,” explained Christian, CEO.

Investment costs

Speedy Patch Drywall Repair offers competitive pricing for its franchise agreements, meaning investors can quickly recoup their money. The brand’s model is also constructed to have low ongoing operational costs, which means higher net profits.

The initial investment for a territory is between $51,000–$66,750, and a franchise fee of $28,000. According to Entrepreneur, that number is considerably low-cost compared to the investments that other drywall companies require, which can be upwards of $100,000-plus. Speedy Patch also has a liquidity requirement of $51,000–$66,750 and a net worth requirement of $100,000.

As a service business, it offers a chance for entrepreneurs to invest in something that will help their community but does not require much overhead to operate nor need a brick-and-mortar space.

Business model benefits

The brand is well-known for its fast, efficient service; on jobs that other companies will quote several days to fix, Speedy Patch will have it done in back-to-back visits. This prompt service helps cut costs for franchise owners and keeps profits high, with happy customers offering referrals or recurring service.

Market demand

And in an industry that is much in demand and valued at $60 billion, franchisees have the chance to make a fast return on their investment. With drywall in 96% of residences, there is a huge need for the services Speedy Patch offers.

The brand is eager to speak to interested parties who want to participate in its primary franchising efforts. The Columbus-based business is eyeing nearby metropolitan areas like Cleveland, Akron and Dayton for initial expansion.

Speedy Patch was founded by father-and-son team Christian and Evan Cagle in 2018. It was formed out of the need to serve next-door neighbors' repair requests to fix damaged wall and ceiling drywall. Services not only include topical repairs and texture matching but also backsplash repairs, basement flooding repairs and garage deterioration. Speedy Patch currently has locations in the Midwest and recently launched its franchise opportunity to expand its offerings nationwide. For more information, visit .