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Updated RecentlyPadgett Business Services vs CFO Today Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Padgett Business Services vs CFO Today including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $20,200 - $99,975 | $24,400 - $40,000 |
| Franchise Fee | $15,000 - $56,000 | $24,000 |
| Royalty Fee | 9%+ | Varies |
| Advertising Fee | - | - |
| Year Founded | 1965 | 1989 |
| Year Franchised | 1975 | 1990 |
| Term Of Agreement | 20 years | 10 years |
| Term Of Agreement | 20 years | 10 years |
| Renewal Fee | 5% of then-current fee | $4.8K |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | Classroom Training: up to 80 hours Additional Training: At annual marketing convention & tax seminar | - |
| Support | Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad Templates National Media Social media SEO Website development Email marketing | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations |
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. |
Franchise can be run from home. 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | Yes | No |
| International Expansion | Yes | Yes |
Company Overviews
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
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About CFO Today
John Harrison felt that many small businesses were failing because they couldn't afford accountants, so he began providing 'professional services at bookkeeper's rates.' In 1989, Harrison established Accountant's Choice, which has since changed its name to CFO Today.
Franchising started in 1990, and there are now locations across the United States offering accounting services to local small businesses.