Media Contact: Kate Lockamy

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Padgett Business Services one of top 500 FRanchise companies

Mississauga, ON – Entrepreneur magazine recently announced its 27^th Annual Franchise 500, an annual ranking of standout franchising companies. This list of 500 companies represents the top 10% of all franchises in North America and, once again, the ranking includes Padgett Business Services. Padgett has been one of the Franchise 500 for nineteen consecutive years, beginning in 1987.  Padgett Business Services has previously been included numerous times in Entrepreneur’s Top 101 Homebased Franchises, Top Low-Cost Franchises, and America’s Top Global Franchises.

            “Padgett is recognized regularly with a number of high industry rankings,” Vice Chairman Brian Austin, “and to be acknowledged by Entrepreneur  for the past nineteen years is a distinguished honor. This recognition speaks to the company’s stability and continuity in the industry.”        

Entrepreneur Magazine’s first Franchise 500 in 1980 was the first ranking of franchises in the industry.  Only franchise companies that submit full Uniform Franchise Offering Circulars (UFOCs) or Canadian disclosure documents and whose information is verified by Entrepreneur are considered for the Franchise 500 rankings.

All companies, regardless of size, are judged by the same criteria: objective, quantifiable measures of a franchise operation. The most important factors include financial strength and stability, growth rate and size of the system. Also considered are the number of years in business and length of time franchising, startup costs, litigation, and percentage of terminations. The objective factors are entered into the exclusive Franchise 500 formula, with each eligible company receiving a cumulative score. The 500 franchises with the highest cumulative scores become the Franchise 500.

            “The company is pleased to be ranked among the top firms in North America,” added Brian Austin, Vice-Chairman of Padgett Business Services. “Padgett continues to grow because it is committed to provide services that fit the unique needs of the small business sector of our economy.”

For more information about Padgett Business Services, please contact the home office at (800) 363-3123 or visit www.smallbizpros.com.

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About Padgett Business Services

For over 40 years, Padgett Business Services has catered to the individual needs of small business owners through a network of 400 local owner-operated offices. By way of personal relationships and efficient service, they provide peace of mind to help their clients’ businesses increase their success. Padgett offers small business advice and consultation, tax preparation, government compliance, financial reporting, complete payroll services, and other services important to small businesses.