At Padgett, we're helping to grow success stories.

• Business advice
• Tax accounting, consultation & preparation
• Financial Reporting
• Government compliance
• Complete payroll services

Become One Of "The Small Biz Pros"

As a franchise operation, we've helped hundreds of budding entrepreneurs turn their dreams of running their own business into a reality. There's a world of opportunity ready for your big ideas, your expertise and your advice. Small business owners are busy selling and marketing their products and services, leaving them little time to focus on the regular financial challenges of their businesses.

This is where you come in. As a Padgett franchise owner, you'll build strong relationships with your clients by providing them with expert business consulting services that help them run their businesses more effectively and efficiently. Additionally you'll be able to keep your clients accounting needs up-to-date, and offer tax preparation services, payroll services and much more. While you're keeping your clients focused, we'll help keep you satisfied with the tools, training and support services you need to successfully branch out and reach your goals.

We Offer A Successful Formula For Branching Out

First you need to bring your business expertise, your experience and most importantly, your entrepreneurial ambitions to the table. In return, we'll provide the right foundation to accelerate your professional growth and success—including instant credibility that comes with the Padgett brand, proven business tools and training to give you a competitive edge, and easy access to a community of seasoned Padgett franchise owners.

Who We Need

Does the idea of helping small business owners reach their goals sound interesting to you? If so, you may be a perfect fit for Padgett. Our successful franchisees truly enjoy working with other entrepreneurs to help them reach their full potential. Sure, you have to be comfortable with financials - but you certainly don't need to be a public accountant to be a successful Padgett franchise owner. Some of our most successful franchise owners came from careers in management, banking, financial services, sales and marketing. If you're a people-person with a drive to succeed, we can give you the training and support you'll need to build your team of experts and achieve success.

A Few Of Our Benefits

• A professional, business-to-business opportunity
• Low investment - Low overhead - High margin industry
• A huge market of 8.5 million small businesses and growing
• Industry-leading marketing programs with proven results.
• An experienced management team, who themselves were some of Padgett's most successful franchise owners
  

Want to learn more about this important opportunity? Complete the form on the right for more details!

Running a business is considered the pinnacle of American entrepreneurship; the end result where profit flow and becoming your own boss becomes reality. There are a variety of reasons why someone would want to franchise. First of all, does franchising mean starting a business with its first penny? What about purchasing an already up-and-running business from owners who want to pursue other ventures or retire? Is total control of business operations a given when buying a franchise? Let’s review the intricacies of business franchising and see if it is right for you.

Talk to Me about Franchising!

Let’s say you’re opening the doors to your own Chili’s restaurant. This Tex-Mex oriented restaurant is hoping to service a legion of loyal patrons in the future, and you’re jumping ship waiting in the wings for this. To own your own Chili’s, you have to buy a franchise. Qualifications for buying a franchise vary, including the amount of upfront money. For starters, you must have $150,000 or more of non-borrowed money to qualify, with coverage for total opening costs that can range from $430,000 to $750,000. These funds go towards maintenance fees, rent, deep fryers, bathroom supplies – everything associated with the functioning of a Chili’s. Franchise rules say that 40% of the total cost of opening a franchise must come from your own funds not borrowed from a bank.

For starters, an initial franchise fee of (say, $45,000) must be given directly to Chili’s. This is the only fee you pay towards the company, with the other costs going to suppliers. Franchises will throw you into a strict nine-month training program where you’ll be introduced to the in and out’s of the business – service, protocol, inventory control methods, quality mechanisms, etc. A company will ask that you run the franchise from one location for a designated number of years, in addition to following décor protocol for the restaurant through using their insignias, labels, symbols, logos, and colors.

After the training program, Chili’s will present you with a store location that’s finished on the exterior but leave you to provide for interior work. A franchise owner will add any kitchen equipment, seating arrangement, and be responsible for the layout of the restaurant. Field consultants will be on-call to assist you with everything dealing with the details and make regular visits to check up on you. You will be expected to pay a percentage of your monthly sales plus a flat base rent or an additional percentage rent of your sales. The opportunities for creating lots of money comes with how well you deal with operating costs, its location (obviously, a Chili’s in Herald’s Square in Manhattan will fare a lot better than one in Harlem), and your own talents in maneuvering and handling the franchise.

In essence, franchising means paying a business for its overall strategy, plus the use of the brand. It means joining forces with a business by using its brand and marketing/operational philosophy to make your investment pay off. By operating it through its time-tested rules, you can increase the likelihood of success because the business has already established itself in the market. Do you become your own boss when running a franchise? The answer is a partial no – you only own the assets you used to jump start the business.