Padgett Business Services

Financial, payroll, consulting & tax services
Year began: 1965    Franchising since: 1975

160 Hawthorne Pk.
Athens, GA 30606

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

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


Franchise Growth
Year

2007
2006
2005
2004
U.S. Franchises
275
273
272
278
Canadian Franchises
100
106
91
99

Foreign Franchises
0
0
0
0
Company
Owned
0
0
0
0

Where Seeking Franchisees
Nationwide

Outside the U.S.:

Costs & Fees
Total investment: $88.9K
Franchise fee: $27.5K
Ongoing royalty fee: 4.5-9%
Term of agreement: 10 years, renewable
Type of Financing Available
In-HouseThird Party
Franchise FeeNoYes
Startup CostsNoYes
EquipmentNoYes
InventoryNoNo
Accounts ReceivableNoNo
PayrollNoNo
Third-party financing source(s): Textron Financial
Qualifications
Net worth requirement: $100K
Cash liquidity requirement: $50K
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 & 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 in Entrepreneur magazine 2004-2008
Franchise 500® rank:
#180 (2008); #155 (2007); #434 (2006); #381 (2005); #272 (2004);

Ranked #1 in category in:
2008; 2007;

Top home based franchises:
#38 (2008); #42 (2007); #79 (2004);

America's Top Global Franchises:
#157 (2008); #126 (2007); #198 (2004);

Last Updated: 7/2/2008 12:00:00 AM



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