#239

Initial Investment

LOW: $99,975
HIGH:

Change in Units

-3.5% -13 UNITS (1 Year)
-7.2% -27 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1965

Franchising Since

1975 (41 Years)

Corporate Address

160 Hawthorne Pk. Athens, GA 30606

CEO

Steven Rafsky

Parent Company

SmallBizPros, Inc.

About Padgett Business Services

The first Padgett Business Services office opened in the 1960's to help small business owners with their taxes. In 1975, the company began expanding through franchising, and its services have expanded as well. In addition to tax advice and preparation, Padgett franchisees offer business advice, management financial reporting, credit card processing, payroll solutions and other business services.

Financials

Financial Requirements

Initial Investment

$99,975

Net-worth Requirement

$100,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$56,000

Ongoing Royalty Fee

9%+

Financing Options

Padgett Business Services has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment

Veteran Incentives


$4,000 off franchise fee

Franchise 500® Rank History

Highest Rank: 86

Lowest Rank: 434

  • 2006 - 434
  • 2007 - 155
  • 2008 - 180
* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 6 days

Training at headquarters: 10 days

Additional Training: At annual marketing convention & tax seminar

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Internet

Marketing Support
Ad Slicks

Number of employees required to run: 1

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: October 12th, 2015

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