Padgett Business Services vs Tax Centers of America Franchise Comparison

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

Start-Up Costs and Fees
	Padgett Business Services Franchise	Tax Centers of America Franchise
Investment	$20,200 - $99,975	$20,300 - $63,550
Franchise Fee	$15,000 - $56,000	$20,000
Royalty Fee	9%+	$30-55/return
Advertising Fee	-	-
Year Founded	1965	1994
Year Franchised	1975	1997
Term Of Agreement	20 years	10 years
Term Of Agreement	20 years	10 years
Renewal Fee	5% of then-current fee	$1K
Business Experience Requirements
	Padgett Business Services Franchise	Tax Centers of America Franchise
Experience	Industry experience	-
Financing Options
	Padgett Business Services Franchise	Tax Centers of America Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	No/Yes	No/No
Start-up Costs	No/Yes	No/No
Equipment	No/Yes	No/No
Inventory	No/No	No/No
Receivables	No/No	No/No
Payroll	No/No	No/No
Training & Support
	Padgett Business Services Franchise	Tax Centers of America 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	Newsletter, Meetings, Toll-free phone line, Internet
Marketing	Ad Templates National Media Social media SEO Website development Email marketing	Ad slicks, Regional 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.	24% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators)
Expansion Plans
	Padgett Business Services Franchise	Tax Centers of America Franchise
US Expansion	Yes	Yes
Canada Expansion	Yes	No
International Expansion	Yes	No

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

About Tax Centers of America

Why Work for Someone Else? Own a Tax Centers of America Franchise

The decision to start your own business often leads to more questions rather than answers, especially for those completely new to entrepreneurship. What will the business plan be? How will I get start-up capital? Who will I need to hire? What should I pay them? How do I get people to buy my products or services? It may seem overwhelming to figure out on your own. That's why millions of people choose franchises to start their own business.
With franchising, all the major questions and most of the mistakes have been answered by someone else - the franchisor. As a Tax Centers of America franchisee, you automatically inherit the knowledge we've learned over our years in the tax preparation business. What's more, you'll be trained in how to use this knowledge to make your own decisions. It's this blend of independence and support that makes buying Tax Centers of America franchise such a desirable business opportunity.
Franchisees get to set their hours and run the day-to-day operations just like any other small business owner. The key difference is that franchisees enjoy the benefits of an established brand name, which assists you in building your customer base.The leverage of our brand name will increase your opportunity of success. In general, franchise businesses still operating after 1 year as compared to an independent business is 97% to 62%. After five years, the comparison is even more significant as 92% of franchised businesses are still operating, compared to 23% of independent businesses. After ten years. 90% of franchised businesses are still operating compared to 18% of independent businesses.Obviously, your effort will determine your success; however, the statistics tell the story. Your chance to reach your dreams and goals are dramatically increased through franchising, and we believe a Tax Centers of America franchise is the opportunity to attain your independence. Consider this: How many business customers are required to? This sounds ridiculous, but as you know the April 15th deadline is real and most Americans receive a portion of the taxes paid during the year back in the form of a refund. Do you want to own a business that provides a service that returns CASH to your customers, is paid well for providing this service and has a full-time income for part-time work? If so, discuss the Tax Centers of America franchise opportunity with us and let's get started!!