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PADGETT BUSINESS SERVICES

PADGETT BUSINESS SERVICES

Padgett Business Services franchises provide tax, payroll compliance and reporting services, including preparation of financial statements for management use, income tax advice and preparation, payroll services, data processing, business counseling, and related services using proprietary forms, systems, procedures, and approved partners (the Padgett System). Franchisees operate from a single location in an assigned geographic territory, actively promoting these services without competing with Padgett. The target market consists primarily of small to medium-sized service and retail, owner-operated businesses with fewer than 20 employees.

166locations
$101K–$101K
Since 1988
ServicesAthens, GAwww.padgettadvisors.comDisclaimer

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Franchise Costs

Franchise Fee
$59,700
Initial Investment
$100,675 – $100,675
Royalty Rate
9.00%
Brand Fund
2.00%
Fixed Monthly Fees
$308 – $417

9% royalty + up to 2% ad fund + $3,700-$5,000/yr PAS license fee

Financial Performance

Item 19 Financial Performance

Average Gross Revenue
$479,097.02
EBITDA Margin
37%
Top Quartile Revenue
$970,536.5
Bottom Quartile Revenue
$60,061.2
Average Net Profit
$175,419.29
Average EBITDA
$175,419.29

Data Based On: 122 franchisees submitted complete financial information for the fiscal year ending December 31, 2023.

* Weighted average gross revenue calculated from the cumulative totals table on page 3: ($40,762,533 + $9,717,234 + $6,768,845 + $1,201,224) / 122 total franchisees = $58,449,836 / 122 = $479,097.02. Weighted average adjusted profit calculated from the cumulative totals table on page 3: ($14,074,275 + $3,958,895 + $2,921,065 + $446,919) / 122 total franchisees = $21,401,153 / 122 = $175,419.29. This 'adjusted profit' is derived after eliminating depreciation, interest, and franchisees' own expenses, making it closely align with operating profit or EBITDA. Revenue top quartile calculated from the average revenue of the '$500,000 +' segment: $40,762,533 / 42 franchisees = $970,536.50. Revenue bottom quartile calculated from the average revenue of the '< $100,000' segment: $1,201,224 / 20 franchisees = $60,061.20. EBITDA margin percentage is taken from the 'Total % PROFIT' (36.6%) in the cumulative totals table on page 3, which represents the overall adjusted profit percentage.

Extracted Item 19 Section

Avg. Revenue: $479,097

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PADGETT BUSINESS SERVICES Franchise Analysis

Padgett Business Services carves a niche serving small businesses' back-office needs like tax prep and payroll in a franchise world dominated by food and fitness. Franchising since 1988 from Athens, GA, it leverages proprietary systems for owner-operated clients under 20 employees. Item 19 offers financial performance data with average gross revenues that stand out amid recent system tweaks—but a dip in locations raises the question: steady cash flow haven or maturing slowdown?

Item 7 pins the initial investment at a precise $100,675, encompassing the $59,700 franchise fee, with no range variability. Ongoing obligations hit 9% of gross receipts for royalties, up to 2% ad fund, plus $3,700-$5,000 yearly PAS license fee. Item 19 delivers average gross revenue of $479,097 per location, yet flags a 0% EBITDA margin, signaling tight profits that demand sharp cost controls, upselling business counseling, and deep ties to local service/retail SMBs for scale.

System metrics from the 2024 FDD show 166 locations after contracting 4% from 173 in 2022, with 10 terminations, 5 transfers, and 15 projected new units signaling cautious optimism. SBA data bolsters appeal: 36 loans averaging $308,567 prove lender confidence in funding. Buyers evaluating worth should probe Item 20 trends for contraction drivers, Item 19 unit-level variances, and territory protections against internal competition.

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Analysis based on the 2024 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.

How PADGETT BUSINESS SERVICES Compares

Key Insights

  • Higher than average SBA loan default rate in Business Services
FranchiseInvestmentFeeRoyaltyLocations
PADGETT BUSINESS SERVICES
Current
$101K – $101K$60K9.0%166
Bimbo Foods Bakeries Distribution, LLC$14K – $607KN/AN/A6,454
THE UPS STORE (TRADITIONAL)$216K – $609K$30K5.0%4,500
RE/MAX$37K – $337K$35K1.0%2,994
JACKSON HEWITT TAX SERVICE$71K – $105K$25K15.0%2,744
CRUISE PLANNERS$2K – $21K$11K3.0%2,655
Business Services Average
198 franchises
$121K – $289K$47K10.2%–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 198 Business Services franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2023)

Outlets by state across the United States

Top States
1CA
15
2FL
12
3GA
11
4PA
9
5CO
9
6IL
9
7TX
9
8WA
7
9VA
6
10TN
6
11MI
6
12SC
5
13OH
5
14NC
4
15AZ
4

+27 more states

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SBA Loan History

Historical SBA 7(a) loan data for PADGETT BUSINESS SERVICES franchisees (2010 – 2025)

Total Loans
36
Average Loan
$308,567
Total Volume
$11.1M
Default Rate
0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

36 SBA loans on record

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Franchisee Contacts

166 franchisee contacts on file from official FDD filings.

166 Contacts Available

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Due Diligence

Litigation (Item 3)

Franchisee Cases0
No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
10
Non-Renewals
0
Reacquired
0
Ceased Ops
1
Transfers
5
Sold to Franchisees
0
Projected New
15

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Frequently Asked Questions

The total initial investment to open a PADGETT BUSINESS SERVICES franchise ranges from $100,675 to $100,675. This includes a franchise fee of $59,700. Ongoing royalty fees are 9.0% of gross sales.