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Padgett Business Services
America's top-rated and fastest-growing tax and accounting franchise - serving the fastest-growing segment of the economy - America's small business owners. Initial training. Specialized software. On-going support.
Franchisor Background
Year Established:
1966
Franchising Since:
1975
IFA Member
Operating Units:
Franchised Units:
400
100%
Company-Owned Units:
0
0%
______
_____
Total Operating Units:
400
100%
Geographic Distribution:
U.S.:
299
74.8%
In 45 States
Canada:
101
25.3%
In 8 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
______
_____
Total:
400
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. Ontario
67
2. Quebec
38
3. Georgia
26
Registered in Following Registration States:
California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
Investment:
Minimum Net Worth:
$100K
Cash Investment:
$100K
Total Investment:
$106K
Average Total Investment:
$106K
Fees:
Initial Franchise Fee:
$38K +18K Training
Average Franchise Fee:
$38K
On-Going Royalty:
9-4.5%
Average Royalty:
7%
Advertising Fee:
0%
Average Number of Employees:
1 Full-time, 2 Part-time
Space Needs (in square footage):
200-400
Preferred Sites:
Other Sites:
Office Bldg., Exec. Suite, Home-Based 1st yr. only
Encourage Conversions?
Yes
Earnings Claims Provided?
Yes
Listed in the SBA Registry?
No
Support and Training
International Franchise Association:
Yes
Canadian Franchise Association:
No
Franchisee Association/Member:
Yes, Member
Size of Corporate Staff:
40
Site Selection Assistance?
Yes
Lease Negotiation Assistance?
Not Applicable
Financial Assistance?
No
Marketing Support:
Co-Op Advertising:
No
National Advertising:
No
Regional Advertising:
No
Local Advertising:
No
Marketing Materials:
Ad Slicks, Brochures, Catalogs, Coupons/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos
Padgett Business Services has recently signed a Minority Master Franchisor whose primary focus is awarding minority owned franchises in the states of FL, TX, CA and NY. These states are just the beginning of a national effort of awarding franchises to minority owners.
