Franopolis

    Padgett Business Services

    Franchise research report · reviewed 2026 disclosure data

    Reviewed sources

    Padgett Business Services franchise specializes in accounting, bookkeeping, and tax preparation services for small businesses across the United States.

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    Headline figures

    Padgett Business Services quick facts

    Is Padgett Business Services a franchise?
    Yes. Padgett Business Services offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 164 franchised and 0 company-owned outlets (2026 FDD, Item 20, PDF p. 36).
    How much does it cost to open a Padgett Business Services franchise?
    The Padgett Business Services Franchise Disclosure Document reports separate estimated initial investments by format: $8,700 for conversion only (total investment — $8,700–$84,920; excludes real estate — conversion) (2026 FDD, Item 7, PDF p. 14); $117,295 for total investment — excludes real estate — startup (2026 FDD, Item 7, PDF p. 15); $8,700–$84,650 for conversion only (conversion total investment low end) (2025 FDD, Item 7, PDF p. 13); $117,025 for startup total investment (2025 FDD, Item 7, PDF p. 14). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does Padgett Business Services charge?
    The disclosed ongoing royalty is 9% (2026 FDD, Item 6, PDF p. 9). The brand or advertising fund contribution is 2% (2026 FDD, Item 6, PDF p. 10). Other recurring fees are listed in Item 6. Details
    Does Padgett Business Services disclose financial performance (Item 19)?
    Yes. The Padgett Business Services FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 33). Figures apply only to the locations and period each one covers. Details
    How many Padgett Business Services locations are there?
    The FDD reports 164 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 36). Existing locations do not indicate territory availability. Details
    Is Padgett Business Services a good franchise to buy?
    Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $8,700 (Total investment — $8,700–$84,920; excludes real estate — Conversion); $117,295 (Total investment — excludes real estate — Startup); several initial fee options apply.
    2. 2Item 19 covers 26 separate groups: profit and other measures and revenue for 47 Franchised locations; other measures and revenue and costs and operating income for 44 Franchised locations; other measures and revenue and costs and operating income for 16 Franchised locations; other measures and costs and operating income and revenue for 47 Franchised locations; other measures for 47 Franchised locations; other measures and costs and operating income and revenue for 23 Franchised locations; other measures for 23 Franchised locations; other measures for 16 Franchised locations; other measures for 16 Franchised locations; other measures for 146 Franchised locations; memberships and revenue and other measures for 130 Franchised franchisees; adjusted operating results for Franchised locations; other measures for 50 Franchised franchises; other measures for 100 Franchised franchises; revenue and other measures for Franchised locations; other measures and profit and revenue for 23 Franchised locations; other measures and revenue and profit for 44 Franchised locations; other measures and revenue and profit for 16 Franchised locations; other measures and revenue and profit for 130 Franchised locations; other measures and revenue for 3 Franchised — conversion firms locations; profit for Franchised locations; other measures and revenue for 1 Franchised — conversion firms locations; other measures and revenue for 5 Franchised — conversion firms locations; other measures for 44 Franchised locations; other measures for 50 Franchised franchises; memberships for Franchised locations. They are not combined.
    3. 3Outlets declined by 2 in 2025, to 164 (United States — systemwide, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Franchises under $50kOther brands whose disclosed Item 7 low end fits this budget.Compare outlet trendsPut Item 20 counts side by side with up to 3 other brands.

    Padgett Business Services head-to-head

    Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.

    Padgett Business ServicesVSFocus CFO Group
    Compare head-to-head
    Padgett Business ServicesVSLedgers
    Compare head-to-head
    Padgett Business ServicesVSJourney Payroll & HR
    Compare head-to-head
    Padgett Business ServicesVSDecimal
    Compare head-to-head

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 2 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (2)

    Each format has its own total. The total depends on the format you choose.

    • Total investment — $8,700–$84,920; excludes real estate — ConversionPDF p. 14$8,700
    • Total investment — excludes real estate — StartupPDF p. 15$117,295

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    Royalty — conversion: 9%; timely payments 5% first year, 6.5% second year; minimum after 24 monthsMain ongoing fee

    25 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    26 separate populations, shown apart. Revenue is not owner income.

    47 locations

    Profit, revenue and other measures · 47 locations

    Who is counted
    Revenue $500,000+
    Period
    Revenue $500,000+
    Excluded
    16 franchisees excluded due to reporting timing/tax extensions; profit excludes part-year businesses closed during FY2025. Depreciation, interest, owners’ salaries and discretionary owners’ expenses eliminated.
    Method
    Uniformly accumulated direct franchisee financial reports; figures as printed.

    These groups are never combined. Adjusted company-owned operating results cannot be divided by franchised revenue to calculate a franchisee profit margin.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States — systemwide, as labeled in the FDD · counts as of Fiscal year ended December 31, 2025 of each year.

    2026 FDD · Item 20 · PDF p. 36

    Net −9 outlets, 2022–2025

    01732022331202333320241642025+158+2−169

    Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($8,700 – $117,295) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units decreased from 166 to 164 in 2025. What drove the change?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Item 19 — Locations counted not stated in the reviewed record — Revenue $500,000+ · PDF p. 33
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Franchisees with annual revenue $100,000–$299,999 · PDF p. 35
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Franchisees with annual revenue Below $100,000 · PDF p. 35
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Franchisees with annual revenue $500,000+ · PDF p. 34
    5. [5]Item 19 — Locations counted not stated in the reviewed record — P&L revenue $500,000+ · PDF p. 34
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Franchisees with annual revenue $300,000–$499,000 (P&L heading as printed) · PDF p. 34
    7. [7]Item 19 — Locations counted not stated in the reviewed record — P&L revenue $300,000–$499,000 (P&L heading as printed) · PDF p. 34
    8. [8]Item 19 — Locations counted not stated in the reviewed record — P&L revenue Below $100,000 · PDF p. 35
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Franchisees whose financial information was not included due to tax extensions… · PDF p. 31
    10. [10]Item 19 — Locations counted not stated in the reviewed record — All U.S. franchisees subject to revenue reporting requirements as of December 3… · PDF p. 31
    11. [11]Item 19 — Locations counted not stated in the reviewed record — 130 franchisees submitting complete financial data · PDF p. 32; PDF p. 31
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Franchisees open more than one year with at least $100,000 annual revenue · PDF p. 32
    13. [13]Item 19 — Locations counted not stated in the reviewed record — Top 50 franchises · PDF p. 33
    14. [14]Item 19 — Locations counted not stated in the reviewed record — Top 100 franchises · PDF p. 33
    15. [15]Item 19 — Locations counted not stated in the reviewed record — All reporting franchisees · PDF p. 33
    16. [16]Item 19 — Locations counted not stated in the reviewed record — Revenue $300,000–$499,999 · PDF p. 33
    17. [17]Item 19 — Locations counted not stated in the reviewed record — Revenue $100,000–$299,999 · PDF p. 33
    18. [18]Item 19 — Locations counted not stated in the reviewed record — Revenue below $100,000 · PDF p. 33
    19. [19]Item 19 — Locations counted not stated in the reviewed record — All reporting franchisees · PDF p. 33
    20. [20]Item 19 — Locations counted not stated in the reviewed record — Firms converted in 2023 · PDF p. 36
    21. [21]Item 19 — Locations counted not stated in the reviewed record — Franchisees with revenue $100,000+ · PDF p. 33
    22. [22]Item 19 — Locations counted not stated in the reviewed record — Firms converted in 2022 · PDF p. 36
    23. [23]Item 19 — Locations counted not stated in the reviewed record — Firms converted in 2024 · PDF p. 36
    24. [24]Item 19 — Locations counted not stated in the reviewed record — P&L revenue $100,000–$299,999 · PDF p. 35
    25. [25]Item 19 — Locations counted not stated in the reviewed record — Bottom 50 franchises · PDF p. 33
    26. [26]Item 19 — Locations counted not stated in the reviewed record — Padgett client monthly fees as of December 31, 2024; cohort count not stated · PDF p. 32
    27. [27]Outlet counts — Item 20, Table 1 · PDF p. 36

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    113 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2024royalties receivable, net$677,005
    2024total current assets$5,999,751
    2024total assets$6,747,645
    2024total current liabilities$1,640,705
    2024total liabilities$2,040,610
    2024cash & cash equivalents$3,479,563
    2024cash at year end$3,479,563
    2024gross profit$4,939,867
    2024total operating expenses$4,439,957
    2024operating income$499,910
    2024net income$419,363
    2024operating cash flow$557,455

    These figures describe the franchisor company, not individual franchise locations.

    What changed from 2025 to 2026

    • Estimated initial investment: $8,700 – $117,025 → $8,700 – $117,295
    • Franchise fee: $59,700 → $1,000
    • System size: 333 → 164 units

    SBA-backed loans to franchisees

    Loading…

    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format, overlapping investment range, Item 20 outlet count and search interest. This is not a ranking or recommendation.

    Focus CFO GroupLedgersJourney Payroll & HRDecimalPayroll Vault Franchising, LLCPackageHub Business Centers

    Head-to-head comparisons

    Padgett Business Services vs Focus CFO GroupPadgett Business Services vs LedgersPadgett Business Services vs Journey Payroll & HRPadgett Business Services vs DecimalPadgett Business Services vs Payroll Vault Franchising, LLCPadgett Business Services vs PackageHub Business Centers
    Compare reviewed facts

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $500,000+ — numeric column 5 (header alignment unclear)

      “$500,000 + 7 18 23.8 20.4 44.8 27.4”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $500,000+ — numeric column 4 (header alignment unclear)

      “$500,000 + 7 18 23.8 20.4 44.8 27.4”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $500,000+ — numeric column 3 (header alignment unclear)

      “$500,000 + 7 18 23.8 20.4 44.8 27.4”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $500,000+ — numeric column 2 (header alignment unclear)

      “$500,000 + 7 18 23.8 20.4 44.8 27.4”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $300,000–$499,999 — numeric column 6 (header alignment unclear)

      “$300,000 - $499,999 6 24 36.7 42.3 43.1 78.9”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $300,000–$499,999 — numeric column 5 (header alignment unclear)

      “$300,000 - $499,999 6 24 36.7 42.3 43.1 78.9”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $100,000–$299,999 — numeric column 1 (header alignment unclear)

      “$100,000 - $299,999 9 21 28.8 (11.6) 40.6 (10.0)”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue below $100,000 — numeric column 5 (header alignment unclear)

      “< $100,000 5 26 8.0 13.6 56.2 0.0”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 31 · 2026 FDD

      Our summary: Franchised locations subject to reporting

      “As of December 31, 2025, PADGETT had 165 franchised locations operated by 146 franchisees in the U.S. subject to revenue reporting requirements.”

      Note: Page 31 reports 165 locations operated by 146 franchisees subject to reporting; attached population/sample_size instead describes 130 complete-data respondents. Tool cannot edit context.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $300,000–$499,999 — numeric column 1 (header alignment unclear)

      “$300,000 - $499,999 6 24 36.7 42.3 43.1 78.9”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue below $100,000 — numeric column 2 (header alignment unclear)

      “< $100,000 5 26 8.0 13.6 56.2 0.0”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $300,000–$499,999 — numeric column 2 (header alignment unclear)

      “$300,000 - $499,999 6 24 36.7 42.3 43.1 78.9”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue below $100,000 — numeric column 3 (header alignment unclear)

      “< $100,000 5 26 8.0 13.6 56.2 0.0”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue below $100,000 — numeric column 1 (header alignment unclear)

      “< $100,000 5 26 8.0 13.6 56.2 0.0”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $300,000–$499,999 — numeric column 3 (header alignment unclear)

      “$300,000 - $499,999 6 24 36.7 42.3 43.1 78.9”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $300,000–$499,999 — numeric column 4 (header alignment unclear)

      “$300,000 - $499,999 6 24 36.7 42.3 43.1 78.9”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $100,000–$299,999 — numeric column 2 (header alignment unclear)

      “$100,000 - $299,999 9 21 28.8 (11.6) 40.6 (10.0)”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue below $100,000 — numeric column 4 (header alignment unclear)

      “< $100,000 5 26 8.0 13.6 56.2 0.0”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $500,000+ — numeric column 6 (header alignment unclear)

      “$500,000 + 7 18 23.8 20.4 44.8 27.4”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $500,000+ — numeric column 1 (header alignment unclear)

      “$500,000 + 7 18 23.8 20.4 44.8 27.4”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $100,000–$299,999 — numeric column 5 (header alignment unclear)

      “$100,000 - $299,999 9 21 28.8 (11.6) 40.6 (10.0)”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $100,000–$299,999 — numeric column 4 (header alignment unclear)

      “$100,000 - $299,999 9 21 28.8 (11.6) 40.6 (10.0)”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $100,000–$299,999 — numeric column 6 (header alignment unclear)

      “$100,000 - $299,999 9 21 28.8 (11.6) 40.6 (10.0)”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue below $100,000 — numeric column 6 (header alignment unclear)

      “< $100,000 5 26 8.0 13.6 56.2 0.0”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 33 · 2026 FDD

      Our summary: Adjusted profit chart — Revenue $100,000–$299,999 — numeric column 3 (header alignment unclear)

      “$100,000 - $299,999 9 21 28.8 (11.6) 40.6 (10.0)”

      Note: Full PDF page preserves numeric sequence but not reliable column alignment or statistic/units; cannot verify metric.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Tax-preparation fees as percent of ongoing client fees

      “or 47.3%of ongoing client fees.”

      Note: The FDD gives 124 reporting franchisees and says 10 operated multiple locations, but not the whole-number location count for this reporting population. I cannot supply the required location sample size without estimating.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Franchisees attaining/surpassing average ongoing annual revenue percent

      “88 of the 124 franchisees included in this report, or 71%”

      Note: The FDD gives 124 reporting franchisees and says 10 operated multiple locations, but not the whole-number location count for this reporting population. I cannot supply the required location sample size without estimating.

    • Item 19 · PDF p. 33 · 2025 FDD

      Our summary: $500,000 + — franchisee revenues

      “$500,000 + 38 30.6 39,899,352 13,819,432 34.6”

      Note: The cited page's extracted table does not clearly map this figure to its statistic or establish a whole-location sample count; I cannot verify it without guessing.

    • Item 19 · PDF p. 33 · 2025 FDD

      Our summary: $100,000 - $299,999 — adjusted profit percent

      “$100,000 - $299,999 42 33.9 8,031,261 3,191,456 39.7”

      Note: The page reports franchisee counts, but 10 of 124 reporting franchisees operated multiple locations and the group’s whole-location count is not stated. I cannot supply it without estimating.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Monthly client fee comparison — value reported as of Dec. 31, 2023

      “This is compared to $325 as of December 31, 2023.”

      Note: The FDD gives 124 reporting franchisees and says 10 operated multiple locations, but not the whole-number location count for this reporting population. I cannot supply the required location sample size without estimating.

    • Item 19 · PDF p. 33 · 2025 FDD

      Our summary: $500,000 + — percent of total

      “$500,000 + 38 30.6 39,899,352 13,819,432 34.6”

      Note: The cited page's extracted table does not clearly map this figure to its statistic or establish a whole-location sample count; I cannot verify it without guessing.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Reported increase in revenues

      “for an increase of $900,000 million over the prior year.”

      Note: The FDD gives 124 reporting franchisees and says 10 operated multiple locations, but not the whole-number location count for this reporting population. I cannot supply the required location sample size without estimating.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average monthly client fee — value reported as of Dec. 31, 2023

      “As of December 31, 2023, the average monthly fee paid by Padgett clients was $441. This is compared to $325 as of December 31, 2023.”

      Note: The FDD gives 124 reporting franchisees and says 10 operated multiple locations, but not the whole-number location count for this reporting population. I cannot supply the required location sample size without estimating.

    • Item 19 · PDF p. 33 · 2025 FDD

      Our summary: $300,000 - $499,999 — percent of total

      “$300,000 - $499,999 25 20.2 10,114,003 4,683,944 46.3”

      Note: The page reports franchisee counts, but 10 of 124 reporting franchisees operated multiple locations and the group’s whole-location count is not stated. I cannot supply it without estimating.

    • Item 19 · PDF p. 33 · 2025 FDD

      Our summary: $500,000 + — adjusted profit percent

      “$500,000 + 38 30.6 39,899,352 13,819,432 34.6”

      Note: The page reports franchisee counts, but 10 of 124 reporting franchisees operated multiple locations and the group’s whole-location count is not stated. I cannot supply it without estimating.

    • Item 19 · PDF p. 33 · 2025 FDD

      Our summary: $300,000 - $499,999 — franchisee count

      “$300,000 - $499,999 25 20.2 10,114,003 4,683,944 46.3”

      Note: The page reports franchisee counts, but 10 of 124 reporting franchisees operated multiple locations and the group’s whole-location count is not stated. I cannot supply it without estimating.

    • Item 19 · PDF p. 33 · 2025 FDD

      Our summary: $500,000 + — adjusted profit

      “$500,000 + 38 30.6 39,899,352 13,819,432 34.6”

      Note: The cited page's extracted table does not clearly map this figure to its statistic or establish a whole-location sample count; I cannot verify it without guessing.

    • Item 19 · PDF p. 33 · 2025 FDD

      Our summary: < $100,000 — adjusted profit percent

      “< $100,000 19 15.3 1,158,191 445,605 38.5”

      Note: The FDD reports franchisee or franchise counts, and states that some franchisees operated multiple locations. It does not give a whole-location count for this population, so I cannot verify the required sample size.

    • Item 19 · PDF p. 33 · 2025 FDD

      Our summary: 2022 bottom 50 franchise growth

      “the bottom 50 franchises grew by an average of 6%”

      Note: The FDD reports franchisee counts, and states that some franchisees operated multiple locations. It does not give a whole-location count for this population, so I cannot verify the required sample size.

    • Item 19 · PDF p. 33 · 2025 FDD

      Our summary: 2022 top 50 franchise growth

      “the top 50 franchises grew by an average of 18.5%”

      Note: The FDD reports franchisee counts, and states that some franchisees operated multiple locations. It does not give a whole-location count for this population, so I cannot verify the required sample size.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average monthly fee — Low

      “Average monthly fee $441 $9,104 $441 $316 $59”

      Note: The FDD gives 124 reporting franchisees and says 10 operated multiple locations, but not the whole-number location count for this reporting population. I cannot supply the required location sample size without estimating.

    • Item 19 · PDF p. 31 · 2025 FDD

      Our summary: Franchisees not included due to extensions/reporting timing

      “financial information from 32 of PADGETT’s franchisees was not included due to tax extensions or because the reporting deadline was during tax season”

      Note: The cited pages identify these franchisee counts or revenue totals, but state that 10 reporting franchisees operated multiple locations and do not give the whole-number location count for this specific reporting population; the required location sample size cannot be settled without guessin

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average ongoing annual revenue per monthly client relationship

      “the average on-going annual revenue as it relates to monthly client relationships is $10,042.”

      Note: The FDD gives 124 reporting franchisees and says 10 operated multiple locations, but not the whole-number location count for this reporting population. I cannot supply the required location sample size without estimating.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average tax preparation fees per monthly client

      “the average tax preparation fees were equivalent to $4,750 per monthly client”

      Note: The FDD gives 124 reporting franchisees and says 10 operated multiple locations, but not the whole-number location count for this reporting population. I cannot supply the required location sample size without estimating.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Monthly fee annualized (X 12) — High

      “Monthly fee annualized (X 12) $5,292 $109,248 $5,292 $3,792 $708”

      Note: The FDD gives 124 reporting franchisees and says 10 operated multiple locations, but not the whole-number location count for this reporting population. I cannot supply the required location sample size without estimating.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average monthly fee — Median

      “Average monthly fee $441 $9,104 $441 $316 $59”

      Note: The FDD gives 124 reporting franchisees and says 10 operated multiple locations, but not the whole-number location count for this reporting population. I cannot supply the required location sample size without estimating.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Monthly fee annualized (X 12) — Low

      “Monthly fee annualized (X 12) $5,292 $109,248 $5,292 $3,792 $708”

      Note: The cited page's extracted table does not clearly map this figure to its statistic or establish a whole-location sample count; I cannot verify it without guessing.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Monthly fee annualized (X 12) — Mean

      “Monthly fee annualized (X 12) $5,292 $109,248 $5,292 $3,792 $708”

      Note: The cited page's extracted table does not clearly map this figure to its statistic or establish a whole-location sample count; I cannot verify it without guessing.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Tax Prep $/% of total ongoing rev. — Mean

      “Tax Prep $/% of total ongoing rev. $5,081 $323,397 $5,081 $11,225 $2,096”

      Note: The cited page's extracted table does not clearly map this figure to its statistic or establish a whole-location sample count; I cannot verify it without guessing.

    • Item 19 · PDF p. 33 · 2025 FDD

      Our summary: $500,000 + — franchisee count

      “$500,000 + 38 30.6 39,899,352 13,819,432 34.6”

      Note: The cited page's extracted table does not clearly map this figure to its statistic or establish a whole-location sample count; I cannot verify it without guessing.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.

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