Mr. Payroll vs Padgett Business Services Franchise Comparison

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

Start-Up Costs and Fees

Mr. Payroll Franchise
Padgett Business Services Franchise
Investment $60,500 - $151,500$20,200 - $99,975
Franchise Fee $10,000 - $30,000$15,000 - $56,000
Royalty Fee 10-25%9%+
Advertising Fee --
Year Founded 19891965
Year Franchised 19921975
Term Of Agreement 10 years20 years
Term Of Agreement 10 years20 years
Renewal Fee -5% of then-current fee

Business Experience Requirements

Mr. Payroll Franchise
Padgett Business Services Franchise
  • General business experience
  • Customer service skills

  • Industry experience

  • Financing Options

    Mr. Payroll Franchise
    Padgett Business Services Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

    Mr. Payroll Franchise
    Padgett Business Services Franchise
    Training - Classroom Training: up to 80 hours Additional Training: At annual marketing convention & tax seminar
    Support Newsletter, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluationsNewsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform
    Marketing Co-op advertising, Ad slicksAd Templates National Media Social media SEO Website development Email marketing
    Operations 39% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    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

    Mr. Payroll Franchise
    Padgett Business Services Franchise
    US Expansion YesYes
    Canada Expansion NoYes
    International Expansion NoYes

    Company Overviews

    About Mr. Payroll

    If you have a strong understanding of the financial and operational requirements of running a business and are interested in opening a franchise with a recognized brand name, you've come to the right place! Cash America offers franchising opportunities through its brand, Mr. Payroll. Why choose a Mr. Payroll franchise? With Mr. Payroll, you'll get: *Instant recognition *As part of the Cash America International, Inc. family of companies, Mr. Payroll is one of the most recognized names in the check-cashing industry. *An established, outstanding reputation*Mr. Payroll is well-known for its professional and courteous customer service. *An abundance of knowledge at your fingertips *Mr. Payroll knows how to create attractive and well-organized units. In addition, Mr. Payroll's Licensed System keeps you at the leading edge of technology and provides you with the information you need to get started. *Franchised site within an assigned territory *Proven business practices *Strategic management consultation from industry experts *License to utilize Mr. Payroll's trademarks, store decor, signs and images *Assistance with advertising/marketing campaigns and materials, as requested *Store design, construction services and fixture supply In addition, a Mr. Payroll check-cashing franchise may: *Increase the profile of your business *Free up your sales counter for more efficient operations. Get Started on your journey of discovery!

    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.

    #435 in Franchise 500 for 2020.