Padgett 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

 
Padgett Business Services Franchise
Succentrix Business Advisors Franchise
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 19652014
Year Franchised 19752015
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 5% of then-current fee-


Business Experience Requirements

 
Padgett Business Services Franchise
Succentrix Business Advisors Franchise
Experience
  • Industry experience
  • -

    Financing Options

     
    Padgett Business Services Franchise
    Succentrix Business Advisors Franchise
      In-House/3rd PartyIn-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

     
    Padgett Business Services Franchise
    Succentrix Business Advisors Franchise
    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

     
    Padgett Business Services Franchise
    Succentrix Business Advisors Franchise
    US Expansion YesYes
    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
    "Top     "Top
    #78 in Gator's Top franchises.
    #92 in Canada's Top franchises.

    "Entrepreneur
    #435 in Franchise 500 for 2020.



    About Succentrix Business Advisors


    Our name Succentrix comes from Success, Succinct and Concentric.

    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.

    Veteran Incentives  $911 off franchise fee