Padgett Business Services logo

Padgett Business Services

Tax, accounting, compliance, payroll, and advisory services

Investment

$8,700

Initial Franchise Fee

$3,500 - $62,750

Units

250

Growth Rate

-5%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Financial Services
Founded 1965
Franchising Since 1975
Parent Company SmallBizPros Inc.
Leadership Jeff Phillips, CEO
# of Employees at HQ 17
Follow

Units and Growth Chart

About Padgett Business Services

Padgett Business Services was founded in 1965 and started franchising ten years later. Their head office is located in Athens, Georgia. Upon inception, Padgett Business Services' initial objective was helping small businesses with financial issues like their taxes. When the company started franchising in 1975, their services expanded to include helping with processing credit cards, business consultancy, financial reporting, management, and more.

Outside of the U.S., Padgett Business Services has a strong presence in Canada.

Why You May Want to Start a Padgett Business Services Franchise

Becoming a part of the Padgett Business Services team does not require an exorbitant amount of expertise. If you are an entrepreneur with dreams of running your own business, then you may be good to go. The company is always ready to welcome new franchisees to its ranks.

Padgett Business Services is vast and works with startup franchisees to achieve their dreams. They offer opportunities based on your ideas and expertise, along with counseling and advice. The franchiser will provide franchisees with training on everything they need to know about running a business and how to handle finances. There are training courses on public relations, best programs, marketing techniques, handling taxes, the latest technologies, and applicable standard systems.

Padgett Business Services does all it can to make the process of opening a location easiest for you. The company also hasn’t forgotten its initial goals to make life for small businesses as hassle-free as possible. As a franchisee, you will be expected to have the same attitude.

What Might Make Padgett Business Services a Good Choice?

As a business owner, it's quite common to become so occupied with the process of promoting and selling your business that you have little time to allocate to financial challenges and opportunities that come with it. Padgett Business Service plays an important role in small companies becoming the best version of themselves. 

To be part of the Padgett Business Services team, you should make sure you’re financially ready for an initial investment that will include a franchise fee and other potential startup fees. These will include royalty fees and possible renewal fees.

Most business owners know how to run a business, but still require a lot of guidance and hand-holding to grow their brand. With Padgett Business Services, you will get the satisfaction of watching small budding businesses grow into something successful.

How to Open a Padgett Business Services Franchise

As you decide if opening a Padgett Business Services franchise is the right decision for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

To start a Padgett Business Services franchise, you need to ensure that you have enough initial capital and are business savvy. It may be wise to speak with a financial planner and an attorney before submitting an inquiry to Padgett Business Services requesting more information about franchise opportunities. 

If you qualify as a franchisee, you will sign various documents and answer more questions. After that, you will sign up for training with the franchise. Continuous support will follow as you proceed with the purchase of your Padgett Business Services franchise.

Investment Details

Initial Franchise Fee $3,500 - $62,750
Initial Investment $8,700 - $117,025
Net Worth Requirement $100,000
Cash Requirement $100,000
Royalty Fee 9%
Ad Royalty Fee 0
Technology Fee 0
Term of Agreement 10 years
Is Franchise Term Renewable? Yes
Financing N/A
Veterans Incentive $4,000 off startup franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training As needed
Classroom Training Up to 80 hours

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
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Yes
Can this franchise be run part time? No
# of employees required to run 1
Are exclusive territories available? No

Ranking History

Padgett Business Services performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022