Padgett Business Services
Padgett Business Services
160 Hawthorne Park
Athens, GA 30606
800#: (800) 723-4388 + 290
Tel: (706) 548-1040
Fax: (706) 543-8537
E-Mail: [email protected]
Web Site: www.smallbizpros.com
Contact: Ms. Cynthia Castleberry, Franchise Development Specialist
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
Established: 1966
First Franchise: 1975
Franchise Units: 383
Company-Owned Units: 1
Total Units: 383
Distribution:
U.S. -- 275;
Canada -- 120;
International -- 0
-North America -- Operations in 45 States, 8 Provinces
-States/Provinces with Greatest Density: 67 in ON, 38 in QC, 26 in GA
Projected New Units Over Next 12 months: 40
Franchisee Qualifications: 3, 3, 4, 4, 2, 4
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 1 FT, 2 PT (FT = Full Time, PT = Part Time)
Space Needs: 200-400 SF; HB, OB, ES
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $20-50K
Total Investment: $75-80K
Average Total Investment: $75.0K
Minimum Net Worth: $60K
Fees:
-Franchise: $27.5K
-Average Franchise Fee: $27.5K
-Royalty: 9-4.5%
-Average Royalty: 6.8%
-Advertising: 0%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: NA
Lease Negotiation Assistance: NA
Financial Assistance: Yes(I)
Cooperative Advertising: NA
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: Yes/No
Size Of Corporate Staff: 20
On-Going Support: C,D,G,H,I (Click here for an explanation)
Training: 2.5 Weeks Athens, GA; 3 (2.5 Day) Site Visits.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: No
Note: NR = No Response by Franchisor.
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