Padgett Business Services vs H & R Block Franchise Comparison

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

Start-Up Costs and Fees
 
Padgett Business Services Franchise
H & R Block Franchise
Investment $20,200 - $99,975$31,501 - $149,398
Franchise Fee $15,000 - $56,000$2,500
Royalty Fee 9%+30%
Advertising Fee -No Advertising Fees
Year Founded 19651955
Year Franchised 19751958
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 5% of then-current fee-


Business Experience Requirements
 
Padgett Business Services Franchise
H & R Block Franchise
Experience
  • Industry experience
    		• -

    Financing Options
     
    Padgett Business Services Franchise
    H & R Block Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/YesYes/-
    Equipment No/YesYes/-
    Inventory No/NoYes/-
    Receivables No/NoYes/-
    Payroll No/NoYes/-

    Training & Support
     
    Padgett Business Services Franchise
    H & R Block Franchise
    Training Classroom Training: up to 80 hours Additional Training: At annual marketing convention & tax seminar On-The-Job Training: Up to 300 hours Classroom Training: 36 hours Additional Training: Regional training, year-round; ongoing online training
    Support Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Ad Templates National Media Social media SEO Website development Email marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    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.

    		-

    Expansion Plans
     
    Padgett Business Services Franchise
    H & R Block Franchise
    US Expansion YesYes
    Canada Expansion Yes-
    International Expansion YesYes

    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
    "Top     "Top
    #78 in Gator's Top franchises.
    #92 in Canada's Top franchises.

    "Entrepreneur
    #435 in Franchise 500 for 2020.



    About H & R Block

    H&R Block is one of the world's largest tax services providers. H&R Block has prepared more than 550 million tax returns worldwide since 1955 and they have more than 100,000 trained tax professionals . The company was founded in 1955 by Brothers Henry W. Bloch and Richard A. Bloch who then grew the business to become a brand and franchising icon. As well as providing in-person tax return preparation services, H&R Block also provides At Home online services and through desktop software products, and through other channels, the company also offers financial products to support its tax business through the H&R Block Bank. The bank offers traditional and alternative banking solutions to H&R Block tax clients and associates and serves customers online, via phone and at a branch location at H&R Block world headquarters in Kansas City, Montana. When you become an H&R Block franchisee, you have more than 55 years of experience standing behind you. In addition to pioneering the tax services industry, H&R Block was also one of the first companies in the nation to implement the concept of franchising. In other words, no one knows the tax industry like H&R Block, and no competitor can offer a better franchise opportunity. So you can rest assured that our long history with the franchise business model will work to your advantage. We'll supply the tools you need to help you effectively beat the competition and to help you ensure your franchise's success.

    ""

    "Entrepreneur
    #306 in Franchise 500 for 2020.
    #297 in Franchise 500 for 2021.

    "franchiserankingscom" 
    #86 on Franchise Rankings.com