Jackson Hewitt Tax Service vs Padgett Business Services
Franchise Comparison 2026
Both Jackson Hewitt Tax Service and Padgett Business Services are financial services franchises. Jackson Hewitt Tax Service requires an investment of $96K – $128K while Padgett Business Services requires $117K – $117K. Jackson Hewitt Tax Service discloses average revenue of $115K; Padgett Business Services does not report Item 19 data. On SBA loan performance, Jackson Hewitt Tax Service has a lower charge-off rate (4.9%) compared to Padgett Business Services (8.7%). FranchiseVerdict rates Jackson Hewitt Tax Service B (Above average) and Padgett Business Services A (Strongest tier).
| Metric | Jackson Hewitt Tax Service | Padgett Business Services |
|---|---|---|
| Verdict Grade | BAbove averageAbove average | AStrongest tierStrongest tier |
| Investment Range | $96K – $128K | $117K – $117K |
| Franchise Fee | $25K | $63K |
| Royalty Rate | 3.0% | Greater of 9% of Gross Receipts OR minimum monthly amounts (startup): $100-$1,700/mo escalating over term; conversion franchises pay 9% (5% year 1, 6.5% year 2 if timely); Padgett intends to increase to 12% effective Jan 1, 2027 |
| Average Revenue (Item 19) | $115K | N/A |
| SBA Charge-Off Rate | 4.9% (164 loans) | 8.7% (65 loans) |
| Total Units | 5,287 | 167 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1986 | 1988 |
| FDD Year | 2023 | 2025 |
Jackson Hewitt Tax Service
BAbove averageAbove average
Padgett Business Services
AStrongest tierStrongest tier
Investment Range
$96K – $128K
$117K – $117K
Franchise Fee
$25K
$63K
Royalty Rate
3.0%
Greater of 9% of Gross Receipts OR minimum monthly amounts (startup): $100-$1,700/mo escalating over term; conversion franchises pay 9% (5% year 1, 6.5% year 2 if timely); Padgett intends to increase to 12% effective Jan 1, 2027
Average Revenue (Item 19)
$115K
N/A
SBA Charge-Off Rate
4.9% (164 loans)
8.7% (65 loans)
Total Units
5,287
167
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1986
1988
FDD Year
2023
2025