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Padgett Business Services
Business consulting services
Padgett Business Services promotes itself as “the small business expert.” In business for over 40 years, the company offers services to help small businesses at all stages, from startup to growth. Padgett franchisees become trusted advisors to their small business clients, providing them with business consulting services, tax preparation services, payroll services, assistance with government compliance, and more. Padgett, which has more than 400 offices in the U.S. and Canada, says its ideal franchise doesn’t need bookkeeping experience. It’s more important to have business know-how, enjoy working with people, and have a knack for networking.
2011 AllStar Rank: 176
2010 AllStar Rank: Not Ranked
2009 AllStar Rank: Not Ranked
Full Disclosure Award
This company gets a nod for disclosing financial performance representations in Item 19 of its Franchise Disclosure Document (FDD). For an explanation of why this is important, read The Importance of Item 19 in the Franchise Disclosure Document.
2010 AllStar Rank: Not Ranked
2009 AllStar Rank: Not Ranked
Full Disclosure Award
This company gets a nod for disclosing financial performance representations in Item 19 of its Franchise Disclosure Document (FDD). For an explanation of why this is important, read The Importance of Item 19 in the Franchise Disclosure Document.
AllStar Franchise
AllStar Rank:
79
See All AllStar Franchises
Padgett Business Services
400 Blue Hill Drive
Westwood, MA 02090
781-251-9410
Fast Facts
| Year established | 1965 |
| Franchising since | 1975 |
| Can be run from home? | No |
| Number of employees needed | 1 - 6 |
| Item 19 Financial Performance Representation? | Yes |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| % of franchisees who own multiple units | 1% |
| Absentee ownership allowed? | No |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 310 | 122 | 0 |
| 2010 | 306 | 116 | 0 |
| 2009 | 299 | 100 | 0 |
Expanding in These Locations
United States, Canada
Costs
| Total Investment | $100,000 |
| Franchise Fee | $53,000 |
| Royalty Fee | 9% - 4.5% |
Financial Requirements
| Net Worth | $100,000 |
| Liquid Capital | $53,000 |
Franchisee Qualifications
Desire to grow a business
Understanding of business and accounting
Desire to help small business owners meet their goals
Financing
| Does franchisor offer financing? | No |
| Is franchisor on the SBA's Franchise Registry? | Yes |
| Is franchisor a member of the IFA's VetFran program? | Yes |
AllStar Franchise
AllStar Rank:
79
See All AllStar Franchises
Padgett Business Services
400 Blue Hill Drive
Westwood, MA 02090
781-251-9410
