Padgett Business Services vs Toro Taxes
Franchise Comparison 2026
Both Padgett Business Services and Toro Taxes are financial services franchises. Padgett Business Services requires an investment of $117K – $117K while Toro Taxes requires $56K – $192K. Padgett Business Services has SBA lending data on file with a 8.7% charge-off rate. FranchiseVerdict rates Padgett Business Services A (Strongest tier) and Toro Taxes B (Above average).
| Metric | Padgett Business Services | Toro Taxes |
|---|---|---|
| Verdict Grade | AStrongest tierStrongest tier | BAbove averageAbove average |
| Investment Range | $117K – $117K | $56K – $192K |
| Franchise Fee | $63K | N/A |
| 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 | 10% of Franchisee's Gross Sales (excluding Business Division Services and Non-Bank Product Transactions), plus $30 per Non-Bank Product Transaction; the stored 25% is an Area Representative commission on net royalty fees, not the franchisee royalty r |
| Average Revenue (Item 19) | N/A | N/A |
| SBA Charge-Off Rate | 8.7% (65 loans) | N/A |
| Total Units | 167 | 25 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1988 | 2015 |
| FDD Year | 2025 | 2025 |
Investment Range
$117K – $117K
$56K – $192K
Franchise Fee
$63K
N/A
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
10% of Franchisee's Gross Sales (excluding Business Division Services and Non-Bank Product Transactions), plus $30 per Non-Bank Product Transaction; the stored 25% is an Area Representative commission on net royalty fees, not the franchisee royalty r
Average Revenue (Item 19)
N/A
N/A
SBA Charge-Off Rate
8.7% (65 loans)
N/A
Total Units
167
25
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1988
2015
FDD Year
2025
2025