Padgett Business Services vs Jackson Hewitt Tax Service
Franchise Comparison 2026
Both Padgett Business Services and Jackson Hewitt Tax Service are financial services franchises. Padgett Business Services requires an investment of $117K – $117K while Jackson Hewitt Tax Service requires $96K – $128K. 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 Padgett Business Services A (Strongest tier) and Jackson Hewitt Tax Service B (Above average).
| Metric | Padgett Business Services | Jackson Hewitt Tax Service |
|---|---|---|
| Verdict Grade | AStrongest tierStrongest tier | BAbove averageAbove average |
| Investment Range | $117K – $117K | $96K – $128K |
| Franchise Fee | $63K | $25K |
| Royalty Rate | 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 | 3.0% |
| Average Revenue (Item 19) | N/A | $115K |
| SBA Charge-Off Rate | 8.7% (65 loans) | 4.9% (164 loans) |
| Total Units | 167 | 5,287 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1988 | 1986 |
| FDD Year | 2025 | 2023 |
Padgett Business Services
AStrongest tierStrongest tier
Jackson Hewitt Tax Service
BAbove averageAbove average
Investment Range
$117K – $117K
$96K – $128K
Franchise Fee
$63K
$25K
Royalty Rate
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
3.0%
Average Revenue (Item 19)
N/A
$115K
SBA Charge-Off Rate
8.7% (65 loans)
4.9% (164 loans)
Total Units
167
5,287
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1988
1986
FDD Year
2025
2023