Padgett Business Services

  • SmallBizPros, Inc.
160 Hawthorne Park
Athens, GA 30606
USA
  • (877) 729-8725 x 290 / (706) 548-1040
  • (781) 251-9520 (Fax)

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. Ongoing support.

Franchisor Background

Year Established: 1966

Franchising Since: 1975

Operating Units

Franchised Units 251 100.0%
Company-Owned Units 0 0.0%
Total Operating Units 251 100%

Geographic Distribution

USA 251 68.0% In 51 States
Canada 118 32.0% In 5 Provinces
International 0 0.0% In 0 Foreign Countries
Total 369 100%

Multi-Unit Operators

Multi-Unit Operators N/A
Franchises Owned by Multi-Unit Operators N/A

North American Unit Density

Density Units
California 18
Florida 18
Georgia 15

Registered in the 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

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Support and Training

General Information

IFA Member Yes
CFA Member No
Franchisee Association? Yes, is a member
Size of Corporate Staff 40
Site Selection
Assistance
N/A
Lease Negotiation Assistance N/A
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

Ongoing Support

Central Data Processing N/A
Central Purchasing N/A
Field Operation Evaluation Included
Field Training Included
Initial Store Opening N/A
Inventory Control N/A
Franchisee Newsletter Included
Regional or National Meetings Included
800 Telephone Hotline Included

Training

Athens, GA 2 Weeks
Tax Seminar 3 (2 Day)
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Financial Requirements

Investment

Minimum Net Worth $100K
Cash Investment $100K
Total Investment $20.2-100K
Average Total Investment $60K

Fees

Initial Franchise Fee $56K
Average Franchise Fee N/A
On-Going Royalty 9%
Average Royalty N/A
Advertising Fee 2%

Site Information and Requirements

Average Number of Full-Time Employees 1
Average Number of Part-Time Employees 2
Space Needs (in square feet) 200-400
Preferred Site Types N/A
Other Site Types Allowed Office Bldg., Exec. Suite, Home-Based 1st yr. only
Encourages Conversions Yes
Item 19 (Earnings Claim) Provided? Yes
Listed in the SBA Registry? Yes
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Franchisee Qualifications

Financial Net Worth 3
General Business Experience 3
Specific Industry Experience 4
Formal Education 4
Psychological Profile 2
Personal Interviews 4
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Terms of Contract

Term of Initial Contract 10
Term of Renewal Period 10
Passive Ownership? Not Allowed
Area Development
Agreements?
No
Sub-Franchisor
Contracts?
No
Franchisees Allowed to Expand Within Territory? Yes
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Expansion Plans

Projected New Units Over Next 12 Months 10
USA Yes, All United States
Canada Yes, All Canada
Overseas No
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Request Information for Padgett Business Services

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