Toro Taxes vs Padgett Business Services
Franchise Comparison 2026
Both Toro Taxes and Padgett Business Services are financial services franchises. Toro Taxes requires an investment of $56K – $192K while Padgett Business Services requires $117K – $117K. Padgett Business Services has SBA lending data on file with a 8.7% charge-off rate. FranchiseVerdict rates Toro Taxes B (Above average) and Padgett Business Services A (Strongest tier).
| Metric | Toro Taxes | Padgett Business Services |
|---|---|---|
| Verdict Grade | BAbove averageAbove average | AStrongest tierStrongest tier |
| Investment Range | $56K – $192K | $117K – $117K |
| Franchise Fee | N/A | $63K |
| Royalty Rate | 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 | 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) | N/A | N/A |
| SBA Charge-Off Rate | N/A | 8.7% (65 loans) |
| Total Units | 25 | 167 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2015 | 1988 |
| FDD Year | 2025 | 2025 |
Investment Range
$56K – $192K
$117K – $117K
Franchise Fee
N/A
$63K
Royalty Rate
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
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)
N/A
N/A
SBA Charge-Off Rate
N/A
8.7% (65 loans)
Total Units
25
167
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2015
1988
FDD Year
2025
2025