Padgett Business Services vs ClaimTek Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Padgett Business Services vs ClaimTek including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Padgett Business Services ClaimTek
Investment 20200 - 99975 22000 - 45000
Franchise Fee 0
Royalty Fee 9%+
Advertising Fee
Year Founded 1965 1993
Year Franchised 1975 1994
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Padgett Business Services ClaimTek
Experience Industry experience

Financing Options
  Padgett Business Services ClaimTek
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Padgett Business Services ClaimTek
Training Classroom Training: up to 80 hours Additional Training: At annual marketing convention & tax seminar At Headquarters At Licensee's Location Manual By Video Online By Phone
Support Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform Ongoing Support Newsletter Meetings Advertising/Marketing Sales Leads Technical Support Online Support Phone Support
Marketing Ad Templates National Media Social media SEO Website development Email marketing
Operations Franchise can be run from home. 0.5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. Business can be run part-time.

Expansion Plans
  Padgett Business Services ClaimTek
US Expansion Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
International Expansion Canada,

Start-Up Costs and Fees Mobile
Investment
Padgett Business Services
ClaimTek
Franchise Fee
Padgett Business Services
ClaimTek
Royalty Fee
Padgett Business Services 9%+
ClaimTek
Advertising Fee
Padgett Business Services
ClaimTek
Year Founded
Padgett Business Services 1965
ClaimTek 1993
Year Franchised
Padgett Business Services 1975
ClaimTek 1994
Term Of Agreement
Padgett Business Services 20 years
ClaimTek
Renewal Fee
Padgett Business Services 5% of then-current fee
ClaimTek


Business Experience Requirements
Experience
Padgett Business Services Industry experience
ClaimTek

Financing Options
 
Franchise Fees
Padgett Business Services No
ClaimTek No
Start-up Costs
Padgett Business Services
ClaimTek
Equipment
Padgett Business Services}
ClaimTek
Inventory
Padgett Business Services
ClaimTek
Receivables
Padgett Business Services
ClaimTek
Payroll
Padgett Business Services
ClaimTek

Training & Support
Training
Padgett Business Services Classroom Training: up to 80 hours Additional Training: At annual marketing convention & tax seminar
ClaimTek At Headquarters At Licensee's Location Manual By Video Online By Phone
Support
Padgett Business Services Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform
ClaimTek Ongoing Support Newsletter Meetings Advertising/Marketing Sales Leads Technical Support Online Support Phone Support
Marketing
Padgett Business Services Ad Templates National Media Social media SEO Website development Email marketing
ClaimTek
Operations
Padgett Business Services Franchise can be run from home. 0.5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed.
ClaimTek Business can be run part-time.

Expansion Plans
US Expansion
Padgett Business Services Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
ClaimTek Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
Padgett Business Services Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
ClaimTek
International Expansion
Padgett Business Services Canada,
ClaimTek