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Below is an in-depth analysis and side-by-side comparison of Padgett Business Services vs Lease One 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 | $19,900 |
Franchise Fee | $15,000 - $56,000 | N/A |
Royalty Fee | 9%+ | - |
Advertising Fee | - | - |
Year Founded | 1965 | 1989 |
Year Franchised | 1975 | 0 |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | 5% of then-current fee | - |
Business Experience Requirements |
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Experience | No prior experience in this industry will be necessary for you to succeed. Our three-day training class will provide adequate preparation for you to start working immediately. If you have an entrepreneurial spirit and the desire to be self-employed, your boundaries will be without limits. You should also feel confident in knowing that once you leave our training facility, you will have the ongoing and dedicated support of the Lease One Team. | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | 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 | - |
Marketing | Ad Templates National Media Social media SEO Website development Email marketing | - |
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. | As an Associate, your main responsibility will be to obtain lease applications from businesses interested in leasing commercial equipment. Once you assist your clients in filling out our simple one-page application, all you have to do is fax or email the information to us. At this point, the Lease One Team takes over, working diligently to approve and fund your deal. While we handle the more intricate parts of the leasing process, you will be able focus 100% of your time on generating new businesses. |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | Yes | - |
International Expansion | Yes | - |
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.