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, and procedures. The business model is franchising these services to operators who target a broad spectrum of the general public, particularly small businesses, while marketing franchises to individuals with experience in tax, accounting, or general business. Prospective franchisees may qualify as conversions if they bring an existing book of business of at least $100,000 in revenue.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
9% royalty + up to 2% ad fund + $6,750-$7,100/yr PAS license fee
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 124 franchised units submitted complete financial information for fiscal year ending 12/31/2024 for fiscal year ending 12/31/2024.
* Weighted average gross revenue calculated from total reported revenue ($ 59,202,807) divided by total reporting franchisees (124). Weighted average net profit (adjusted profit) calculated from total reported profit ($ 22,140,437) divided by total reporting franchisees (124). Revenue top quartile is the average revenue for the top segment ($500,000+). Revenue bottom quartile is the average revenue for the bottom segment (<$100,000). Median gross revenue is approximated by the average revenue of the segment containing the median unit ($300,000 - $499,999 segment, which contains the 62nd and 63rd unit out of 124). EBITDA margin percentage is taken from the 'Total' average adjusted profit percentage (37.4%) as 'Adjusted Profit' is defined as before depreciation, interest, and owner's/discretionary expenses, closely aligning with EBITDA.
Extracted Item 19 Section
How PADGETT BUSINESS SERVICES Compares to Other Business Services Franchises
Key Insights
- Lower investment than 97% of Business Services franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
PADGETT BUSINESS SERVICES Current | $9K - $117K | $60K | 9.0% | 167 |
| Bimbo Foods Bakeries Distribution, LLC | $14K - $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K - $609K | $30K | 5.0% | 4,500 |
| JACKSON HEWITT TAX SERVICE | $71K - $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K - $21K | $11K | 3.0% | 2,655 |
| SERVPRO (UNIT) | $259K - $380K | $100K | 10.0% | 2,286 |
Business Services Average 187 franchises | $118K - $285K | $46K | 10.4% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 187 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+28 more states
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a PADGETT BUSINESS SERVICES franchise?
The total initial investment to open a PADGETT BUSINESS SERVICES franchise ranges from $8,700 to $117,025. This includes a franchise fee of $59,700. Ongoing royalty fees are 9.0% of gross sales.
How much revenue does a PADGETT BUSINESS SERVICES franchise make?
According to the 2025 FDD, the average gross revenue for a PADGETT BUSINESS SERVICES franchise is $477,441.99. The median revenue is $404,560.12.
How many PADGETT BUSINESS SERVICES franchise locations are there?
As of the 2025 FDD, PADGETT BUSINESS SERVICES has 167 franchise locations. The company has been franchising since 1988.
Is PADGETT BUSINESS SERVICES a good franchise to buy?
PADGETT BUSINESS SERVICES shows several positive indicators: established brand with 167+ locations, transparent financial performance data (Item 19). However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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