Padgett Business Services vs SiempreTax+ Franchise Comparison

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

Start-Up Costs and Fees

 
Padgett Business Services Franchise
SiempreTax+ Franchise
Investment $20,200 - $99,975$43,700 - $71,900
Franchise Fee $15,000 - $56,000$25,000 - $40,000
Royalty Fee 9%+Varies
Advertising Fee -5%
Year Founded 19652014
Year Franchised 19752014
Term Of Agreement 20 yearsPerpetual
Term Of Agreement 20 yearsPerpetual
Renewal Fee 5% of then-current fee-


Business Experience Requirements

 
Padgett Business Services Franchise
SiempreTax+ Franchise
Experience
  • Industry experience
  • -

    Financing Options

     
    Padgett Business Services Franchise
    SiempreTax+ Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesYes/Yes
    Start-up Costs No/YesYes/Yes
    Equipment No/YesYes/Yes
    Inventory No/NoYes/Yes
    Receivables No/No-/-
    Payroll No/NoYes/Yes

    Training & Support

     
    Padgett Business Services Franchise
    SiempreTax+ Franchise
    Training Classroom Training: up to 80 hours Additional Training: At annual marketing convention & tax seminar On-The-Job Training: Ongoing Classroom Training: 40 hours
    Support Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    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 Loyalty program/app
    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.

    Absentee Ownership Allowed

    Expansion Plans

     
    Padgett Business Services Franchise
    SiempreTax+ Franchise
    US Expansion YesYes
    Canada Expansion YesNo
    International Expansion YesYes

    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 SiempreTax+

    SiempreTax+ is a low-investment tax franchise opportunity, specializing in tax return preparation for individuals and small businesses in the Hispanic market. It is an affiliate of the Liberty Tax brand, one of the fastest growing tax preparation companies in the industry.

    Veteran Incentives  20% off franchise fee if paid in full/free financing of franchise fee