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Updated RecentlyPadgett Business Services vs Succentrix Business Advisors Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Padgett Business Services vs Succentrix Business Advisors 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 | $38,600 - $49,700 |
| Franchise Fee | $15,000 - $56,000 | $24,900 |
| Royalty Fee | 9%+ | 7% |
| Advertising Fee | - | 1% |
| Year Founded | 1965 | 2014 |
| Year Franchised | 1975 | 2015 |
| 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 | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/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 | Classroom Training: 40 hours |
| Support | Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | Ad Templates National Media Social media SEO Website development Email marketing | Ad Templates National Media Regional Advertising 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. | Number of Employees Required to Run: 1 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| 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
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About Succentrix Business Advisors
As a Succentrix Business Advisors franchise owner you will own a business that not only rewards you with personal success but also serves your clients successfully in the marketplace.
With cutting edge cloud based systems not only will the services that you offer provide succinct business solutions but also results.
Succentrix Business Advisors franchise owners are a part of a concentric business system...home office is the center and you as the owner, are the ripple of effective solutions in your marketplace.
Your franchise of Succentrix Business Advisors will offer tax preparation, payroll services and business support to other entrepreneurs just like you. In other words, you will be helping people to reach their personal and professional dreams.
Whether you are coming from corporate America with the dream of owning your own business or you just graduated from college with the desire to work for yourself right out of the gate, our franchise model is strategically designed to fully support you.
$29,900 and you are a Succentrix franchise owner...being a part of our team is hard to put a price on.