
Padgett Business Services
Financial, payroll, consulting, and tax services- Units as of 2020
-
321 (35 lost in 3 years)10.9%
- 2021 Franchise 500 Rank
-
N/R Ranked #435 last year
- Initial investment
-
$20K - $100K
Company Overview
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About Padgett Business Services
- Industry
- Financial Services
- Related Categories
- Business Financial Services, Business Coaching & Consulting, Tax Services
- Founded
- 1965
- Parent Company
- SmallBizPros Inc.
- Leadership
- Jeff Phillips, CEO
Franchising Overview
- Franchising Since
- 1975 (46 years)
- # of employees at HQ
- 15
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees in the following international regions: Canada
- # of Units
- 321 (as of 2020)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Padgett Business Services franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $15,000 - $56,000
- Initial Investment
- $20,200 - $99,975
- Net Worth Requirement
- $100,000
- Cash Requirement
- $100,000
- Veteran Incentives
- $4,000 off franchise fee
- Royalty Fee
- 9%+
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- As needed
- Classroom Training
- Up to 80 hours
- Additional Training
- At annual marketing convention & tax seminar
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 1
- Are exclusive territories available?
- No
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Franchise 500 Ranking History
Compare where Padgett Business Services landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
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