Padgett Business Services

Financial, payroll, consulting & tax services

Background

Founded: 1965 Franchising since: 1975

Address:
160 Hawthorne Pk.
Athens, Georgia 30606

Phone:
(800)723-4388/ (706)548-1040

Franchisor has 25 employee(s); 4 employee(s) in franchise department.

Franchise Units

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	298	106	0	0
2008	279	102	0	0
2007	275	100	0	0
2006	273	106	0	0

Where Seeking Franchisees
Nationwide
Outside the U.S.: Canada

Costs and Fees

Total investment: $98,150
Franchise fee: $42,500
Ongoing royalty fee: 9%+
Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $100,000
Cash liquidity requirement: $100,000
Business Experience:

Industry experience
General business experience
Marketing skills

Operations

Franchise can be run from home
0.5% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 1
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training

Available at headquarters: 10 days
At franchisee's location: 6 days
At annual marketing convention & tax seminar

Ongoing Support

Newsletter
Meetings
Toll-free phone line
Internet
Purchasing cooperatives

Marketing Support

Ad slicks

Other marketing support

Marketing materials

Rankings

Franchise 500® rank:
#107 (2010); #180 (2008); #155 (2007); #434 (2006);

Fastest-Growing Franchises:
#102 (2010);

Top Homebased Franchises:
#31 (2010); #38 (2008); #42 (2007);

America's Top Global Franchises:
#87 (2010); #157 (2008); #126 (2007);

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