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| Padgett Business Services Padgett Business Services is America's top-rated and fastest-growing tax and accounting franchise. With a network of over 400 offices in the United States and Canada, Padgett is one of the largest privately-owned small business services firms in the country. Small business owners are the fastest-growing segment of the economy and are often too busy selling and marketing products and services to focus on the everyday financial challenges of their businesses. Through Padgett Business Services, small businesses receive advice and consultation, tax preparation, complete payroll services, financial reporting and other services important to small businesses. Padgett
offers a formula for running a self-owned business - one with less risk and the
support system of a solid, experienced company. Padgett’s successful franchise
owners truly enjoy working with other entrepreneurs to help them reach their
full potential by building strong relationships with clients, and helping them
run their businesses more effectively and efficiently. Initial training,
specialized software and on-going support for franchisees ensure they are
equipped with the tools needed to successfully branch out and reach their
goals.
Investment
Required
The
fee for a Padgett Business Services franchise is $42,500. This fee is divided into a $1,000 application
fee, a $26,500 initial license fee and a $15,000 training fee. Padgett
Business Services provides the following range of investments required to open
your initial franchise. The range assumes that all items are paid for in cash.
To the extent that you choose to finance any of these expense items, your
front-end investment could be substantially reduced.
On-going
Expenses
Padgett
Business Services franchisees pay royalty fees equal to the greater of 9% of
gross receipts or a fixed amount, ranging from $50 to $750 per month, which
depends on how long the franchisee has been in business. What You Get—Training
and Support Through
a franchise owner staffed Advisory Board, franchisees can voice and present
ideas and opinions to the Padgett support team. Padgett provides Internet
support through a website dedicated to helping owners gather information,
answer questions and network with each other. The Padgett support team is also available
for assistance through the telephone support line. From marketing plans and
professionally designed and field-tested programs, to ready-made sales
materials that create qualified business leads, Padgett helps make marketing a
new Padgett business a breeze. Monthly newsletters keep franchisees updated
on what’s happening at Padgett and ensure that owners stay in constant contact
with clients. Padgett’s research and development team provides timely computer
updates, new methods of client development and workable solutions to many
day-to-day problems. Franchise owners also receive help in promoting their new
business from Padgett’s in-house Public Relations department. Territory
Padgett
Business Services does not grant exclusive territories. |