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2021 Franchise 500 Rank
N/R Ranked #435 last year
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Initial investment
$20K - $100K
Units as of 2020
321 9.8% over 3 years

Company Overview

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.

About Padgett Business 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)

Franchisor Information

Social
Facebook, LinkedIn
Corporate Address
160 Hawthorne Park
Athens, GA 30606

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

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
Newsletter
Meetings & Conventions
Toll-Free Line
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing

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

Franchise 500 Ranking History

Compare where Padgett Business Services landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Padgett Business Services ranked on other franchise lists? Find out below.

Ranked #172

Top Global Franchises

Ranked #79

Top Franchises for Veterans

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021