Padgett Business Services vs BookSmarts Franchise Comparison

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

Start-Up Costs and Fees
 
Padgett Business Services Franchise
BookSmarts Franchise
Investment $20,200 - $99,975$50,000 - $100,000
Franchise Fee $15,000 - $56,000N/A
Royalty Fee 9%+-
Advertising Fee --
Year Founded 19652003
Year Franchised 19752003
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 5% of then-current fee-


Business Experience Requirements
 
Padgett Business Services Franchise
BookSmarts Franchise
Experience
  • Industry experience
    		• -

    Financing Options
     
    Padgett Business Services Franchise
    BookSmarts Franchise
      In-House/3rd PartyIn-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
     
    Padgett Business Services Franchise
    BookSmarts Franchise
    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.

    		-

    Expansion Plans
     
    Padgett Business Services Franchise
    BookSmarts Franchise
    US Expansion YesYes
    Canada Expansion Yes-
    International Expansion 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
    "Top     "Top
    #78 in Gator's Top franchises.
    #92 in Canada's Top franchises.

    "Entrepreneur
    #435 in Franchise 500 for 2020.



    About BookSmarts

    For those who want to be their own boss and serve clients who need honest, smart people to keep their books straight, let's talk business. Your business. Welcome to the franchise opportunity called BookSmarts Tax & Accounting Services. We provide: * Everything you need in selecting the storefront location you want. * Proven accounting and tax preparation software. * The experienced CPAs who will teach you the method and the methodology. * The marketing tools and support to target and attract customers. You provide: * The passion and a surprisingly low start-up fee. And in a very short time, you're in the business of minding other people's business.BookSmarts is a year-round premiere tax and accounting service utilizing cutting edge systems and processes. We offer the following: VIRTUAL TURNKEY PROGRAM * Total buildout is handled for you! SMART PLAN * A 12-month marketing and advertising program implemented for you! REFUND OPTION * An industry-first option providing a refund of your Franchise Fee after 12 months that includes one full tax season! LOWER INVESTMENT * Under $100K