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Entrepreneur: Start & Grow Your Business

Padgett Business Services

Financial, payroll, consulting & tax services

Background

Founded: 1965 Franchising since: 1975
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 Growth
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
2005 272 91 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada

Costs and Fees

Total investment: $98.2K
Franchise fee: $27.5K
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: $100K
Cash liquidity requirement: $100K
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:
#180 (2008); #155 (2007); #434 (2006); #381 (2005);

Ranked #1 in category in:
2008; 2007;

Top Home Based Franchises:
#38 (2008); #42 (2007);

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