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Below is an in-depth analysis and side-by-side comparison of Padgett Business Services vs Profit Maxers, The Business Growing Accountants 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 | $63,600 - $79,000 |
Franchise Fee | $15,000 - $56,000 | $35,000 |
Royalty Fee | 9%+ | 10% |
Advertising Fee | - | - |
Year Founded | 1965 | - |
Year Franchised | 1975 | - |
Term Of Agreement | 20 years | 10 years |
Term Of Agreement | 20 years | 10 years |
Renewal Fee | 5% of then-current fee | - |
Business Experience Requirements |
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Experience | Ideal franchise candidate will be an accountant. CPA preferred but not required. Franchise can be started part-time and home-based. | |
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 | Franchisees will receive 7 days of training at corporate headquarters. |
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 | �Social Media (Meetup.com, LinkedIn.com, etc.) �Business Seminars �Direct Mail �Company website �Internet pay-per-click �Newsletters �Brochures �Networking Events �Professional Printed Materials �Media 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. | We have strategic alliances with other professional service providers. You have the option of performing services in-house, or you may outsource. Virtually all non-advisory services may be outsourced. |
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.
PROFIT MAXERS, THE BUSINESS GROWING ACCOUNTANTS. Since 1997,
helping independent ventures be more fruitful through a wide exhibit of expert
duty, budgetary, and business consultative administrations. What do we do? More
or less, we help people and independent company proprietors KEEP THEIR BOOKS IN
ORDER, MINIMIZE TAXES, MAXIMIZE BUSINESS PROFITS, and MAXIMIZE PERSONAL WEALTH.
We offer the accompanying PROFIT-ENHANCING SMALL BUSINESS FINANCIAL MANAGEMENT
SERVICES: accounting, key expense arranging, assess arrangement, finance
preparing, business developments, business substance investigation, individual
monetary arranging, planning, money related proclamation examination,
showcasing counseling, quickbooks preparing/bolster, business arranging,
business valuations, and general business consultative administrations. Represent
considerable authority in independent ventures from start-up to $2 million a
year in deals, we serve customers in an expansive range of enterprises: car,
assembling and appropriation, development, social insurance, land, proficient
administrations, non-benefit, retail, eatery, transportation and trucking,
protection, music and excitement, people, and numerous different businesses. WE
SERVE COMPANIES NATIONWIDE. Associate with us now for a free, no-commitment
discussion. Give us a chance to demonstrate to you what we can accomplish for
you and your business.