Jackson Hewitt Tax Service vs Padgett Business Services Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Jackson Hewitt Tax Service vs Padgett Business Services including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Jackson Hewitt Tax Service Franchise
Padgett Business Services Franchise
Investment $45,130 - $110,255$20,200 - $99,975
Franchise Fee $15,000 - $25,000$15,000 - $56,000
Royalty Fee 15% - 5%9%+
Advertising Fee 6%-
Year Founded 19601965
Year Franchised 19861975
Term Of Agreement 10 years20 years
Term Of Agreement 10 years20 years
Renewal Fee -5% of then-current fee


Business Experience Requirements
 
Jackson Hewitt Tax Service Franchise
Padgett Business Services Franchise
Experience -
  • Industry experience
    		•

    Financing Options
     
    Jackson Hewitt Tax Service Franchise
    Padgett Business Services Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/NoNo/Yes
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory No/YesNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Jackson Hewitt Tax Service Franchise
    Padgett Business Services Franchise
    Training On-The-Job Training: 14 hours Classroom Training: 35 hours Additional Training: At Technology Headquarters (Sarasota, Fla.) Classroom Training: up to 80 hours Additional Training: At annual marketing convention & tax seminar
    Support Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/appAd Templates National Media Social media SEO Website development Email marketing
    Operations 83% of all franchisees own more than one unit

    Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

    		 Franchise can be run from home.

    0.5% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is NOT allowed.

    Expansion Plans
     
    Jackson Hewitt Tax Service Franchise
    Padgett Business Services Franchise
    US Expansion YesYes
    Canada Expansion NoYes
    International Expansion NoYes

    Company Overviews

    About Jackson Hewitt Tax Service

    Started in1960, Jackson Hewitt is a full-service, year-round national tax service specializing in computerized federal and state preparation of individual returns. It began franchising in 1986, the same year that the IRS introduced electronic filing.

    The total investment necessary to begin operation of a standard Jackson Hewitt Tax Service® business is $74,820 to $110,255 and for a kiosk location is $45,130 to $71,355. This includes $15,500 to $25,500 that must be paid to the franchisor.
    Veteran Incentives  20% off franchise fee
    "Entrepreneur
    #197 in Franchise 500 for 2020.
    #250 in Franchise 500 for 2021.



    About Padgett Business Services

    Bolster Your Small Business Tax Practice
     As the owner of a tax practice, you must be proactive in order to keep up with market changes, technology and your clients' needs. Staying on top of new regulations is critical for any tax business to truly serve its clients. From this challenge to growing your customer base, revenue and profitability, you need someone to support your efforts in improving and solidifying your business. Enter Padgett Business Services, a provider of tax, finance, compliance and payroll services to small businesses. A local, affiliate-based organization, we rely on tax professionals like you to meet the needs of business owners across the country.
     As a Padgett Business Services affiliate owner, you're able to bolster your business with:
    - Tax support services that help you provide the best possible assistance to your clients.
    - State-of-the-art software that streamlines your processes.
    - Greater opportunities to grow your client base, increase your revenue and maximize your profitability.
    - Continue to build upon your success and learn more about your growth potential as an affiliate of Padgett Business Services.

    Veteran Incentives  $4,000 off franchise fee
    "Top     "Top
    #78 in Gator's Top franchises.
    #92 in Canada's Top franchises.

    "Entrepreneur
    #435 in Franchise 500 for 2020.