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, 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.

167
Locations
$9K–$117K
Investment
Since 1988
Franchising
ServicesAthens, GAwww.padgettadvisors.comDisclaimer

Franchise Costs


Franchise Fee
$59,700
Item 5 of FDD
Initial Investment Range
$8,700 $117,025
Low: $8,700High: $117,025
Item 7 of FDD
Royalty Rate
9.00%
of gross sales
Brand Fund
2.00%
Item 6 of FDD
Fixed Monthly Fees
$563 – $592
Item 6 of FDD

9% royalty + up to 2% ad fund + $6,750-$7,100/yr PAS license fee

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$0
Median Gross Revenue
$0
EBITDA Margin
0%
Top Quartile Revenue
$0
Bottom Quartile Revenue
$0
Average Net Profit
$0

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


Key Insights

  • Lower investment than 97% of Business Services franchises
FranchiseInvestmentFeeRoyaltyLocations
PADGETT BUSINESS SERVICES
Current
$9K – $117K$60K9.0%167
Bimbo Foods Bakeries Distribution, LLC$14K – $607KN/AN/A6,454
THE UPS STORE (TRADITIONAL)$216K – $609K$30K5.0%4,500
JACKSON HEWITT TAX SERVICE$71K – $105K$25K15.0%2,744
CRUISE PLANNERS$2K – $21K$11K3.0%2,655
SERVPRO (UNIT)$259K – $380K$100K10.0%2,286
Business Services Average
188 franchises
$118K – $284K$46K10.4%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 188 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

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

+28 more states

Franchisee Contacts


209 franchisee contacts on file from official FDD filings.

NameSBA Loan
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active

209 Contacts Available

Unlock all PADGETT BUSINESS SERVICES franchisee contacts with verified contact information

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
5
Non-Renewals
0
Reacquired
0
Ceased Ops
3
Transfers
5
Sold to Franchisees
0
Projected New
10

Frequently Asked Questions


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.

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Also includes FDDs for

THE UPS STORE (TRADITIONAL)
THE UPS STORE (TRADITIONAL)
AMERIPRISE FINANCIAL SERVICES LLC
AMERIPRISE FINANCIAL SERVICES LLC
JACKSON HEWITT TAX SERVICE
JACKSON HEWITT TAX SERVICE
SERVPRO (UNIT)
SERVPRO (UNIT)
H&R BLOCK
H&R BLOCK
+1,700 more