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  Home  >>  Business-Related  >>  Accounting




Padgett Business Services
160 Hawthorne Park
Athens, GA 30606-2147


Submit an online form to receive information from Padgett Business Services.
Business Description

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

Operating Units:

Franchised Units:

383

100%
Company-Owned Units:10.3%
 
Total Operating Units:
383
100.0%
 
Geographic Distribution:
U.S.:28273.6%In 45 States
Canada:10126.4%In 8 Canadian Provinces
International:00%In 0 Foreign Countries
 
Total:
383
100.0%
 
 
North America:
States/Provinces with the largest number of operating units:
DensityUnits
1. Georgia26
2. Ontario67
3. Quebec38

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:$20-50K
Total Investment:$89K
Average Total Investment:$89K
 
Fees:
Initial Franchise Fee:$27.5K
Average Franchise Fee:$27K
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: Home-based

Other Sites: Office Bldg., Exec. Suite

Encourage Conversions? Yes

Earnings Claims Provided?: Yes

Franchisee Qualifications
 
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:3
General Business Experience:3
Specific Industry Experience:4
Formal Education:4
Psychological Profile:2
Personal Interview(s):4
 
Terms of Contract
 
Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes
 
Support and Training
 
International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:Yes, Member
Size of Corporate Staff: 20
Site Selection Assistance?Not Applicable
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
Additional Services:Grand Opening, In-house Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies
Other Marketing Support:None Specified
 
On-Going Support:
Central Data Processing:Not Applicable
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 
Training:
1. Athens, GA2.5 Weeks
2. Site Visits3 (2.5 Day)
 
Expansion Plans
 
Projected New Units Over Next 12 months: 50

U.S.:

Yes, All United States
Canada:Yes, All Canada
Overseas:No
Submit an online form to receive information from Padgett Business Services.