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Padgett Business Services

2012 Franchise 500
#86
At a Glance

Products & Services: Financial, payroll, consulting & tax services

Number of Locations: 435

Total Investment: $105.96K

Founded: 1965

Began Franchising: 1975

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2012 312 123 0 0
2011 308 122 0 0
2010 302 116 0 0
2009 298 106 0 0
2008 279 102 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.

Startup Costs, Ongoing Fees and Financing

Total Investment: $105,955
Franchise Fee: $56,000
Ongoing Royalty Fee: 9%+
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $100,000
Liquid Cash Available: $100,000
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).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

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

Franchise Ranking History

Franchise 500®: #86 (2012), #86 (2011), #107 (2010), #180 (2008),
Fastest-Growing: #102 (2010),
Top Homebased: #19 (2012), #21 (2011), #31 (2010), #38 (2008),
America's Top Global: #73 (2012), #72 (2011), #87 (2010), #157 (2008),