12 Sep, 2017

PADGETT FRANCHISE

Padgett franchise is a privately owned business that has many franchises and specializes in payroll services. The company helps in tax preparation, financial preparation, accounting management and consultation for other companies. It also offers government compliance to other franchising business.

Padgett franchise is expanding currently by establishing franchises globally. The franchisors work entirely to ensure franchisees’ businesses are successful. There are no skills required in accounting to purchase a franchise. To purchase a franchise, you will need a total investment of $53,000-$54,000. The initial deposit is $25,000 and a royalty of 4.5%-9% of the gross profits. The term expires after 20 years but it can be renewed. The renewal fee is 5% of the initial franchise fee. You are required to have a liquid cash of $100,000. The business can be run at home. About half of its franchisees own more than one franchise. You should be determined and have great ambition for the business to grow.

The franchisors offer assistance to the franchisees. The assistance offered is meant to improve the franchisees’ business. The assistance includes the following:

· Training-The franchisee undergoes managerial and administrative training. The franchisee also undergoes accounting training program. The franchisee and his or her staff are continuously educated.

· Online support-The franchisees can easily access information about the new products and services offered by using the company’s website. The company’s services and products are available online for easy access and customization.

· Ongoing support-The franchisee is provided with newsletters that contain new technological advancements. The franchisee and his or her staff attend annual meetings to expand their knowledge in the business. The franchisee and the staff attend tax seminars.

· Marketing support-The franchisor advertises the business through media for its name to be recognized. Market research is conducted and information about new market outlets, services and strategies is given to the franchisee. The franchisee is offered with marketing kits.

Companies depend on Padgett franchise to maintain their accounting system. This makes it a perfect franchise opportunity to any person having entrepreneurial spirit. There is booming market since most companies do not involve in maintaining their accounting systems and preparation of payrolls. The company has a strong customer base and marketing programs that have been tested. It has experienced specialists who give advice to the franchisees. The trademarks of Padgett are registered to ensure the franchisee’s business is secure. This minimizes unnecessary competition since the franchises are located at different sites.

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