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Liberty Tax Service
 

LIBERTY TAX SERVICE is the fastest-growing international tax service ever, and has been ranked on Entrepreneur magazine's annual "Franchise 500" every year since 1998. Any given year, there is a ready market of taxpayers, and as the tax laws change frequently, many taxpayers are turning to professional preparers to complete that annual task. LIBERTY's growth is fueled by a proven operating system that has been fine-tuned by the leadership and field support staff's more than 600 total years of experience. As a result, no prior tax experience is required to put this system to work. Founder/CEO John Hewitt has worked 44 tax seasons, including 12 years with H&R Block. Accounting Today magazine has named Hewitt one of the accounting profession's Top 100 Most Influential People - 11 times! The International Franchise Association has honored Hewitt as its "Entrepreneur of the Year."

Franchisor Background

Year Established:

  1997

Franchising Since:

  1997

IFA Member



CFA Member



Operating Units:

Franchised Units:4,028 94.5%  
Company-Owned Units:234 5.5%  
 ______ _____  
Total Operating Units:4,262 100%  
 

Geographic Distribution:

U.S.:4,262 94.3% In 50 States
Canada:258 5.7% In 10 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:4,520 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    

Registered in Following Registration States:

   Hawaii, Minnesota, Virginia, Washington, Wisconsin

Financial Requirements

Investment:

Minimum Net Worth:$No net worth requirement
Cash Investment:$56.8-69.9K
Total Investment:$56.8-69.9K
Average Total Investment:$63K
 

Fees:

Initial Franchise Fee:$40K
Average Franchise Fee:$40K
On-Going Royalty:14
Average Royalty:14%
Advertising Fee:5%

Average Number of Employees:

   4-6 Full-time, 2 Part-time

Space Needs (in square footage):

   400+

Preferred Sites:

   Free-standing Building, Storefront, Strip Center, Regional Mall

Other Sites:

   Kiosk

Encourage Conversions?

   No

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:Yes
Franchisee Association/Member:No
Size of Corporate Staff:520
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?Yes, Indirect
 

Marketing Support:

Co-Op Advertising:No
National Advertising:Yes
Regional Advertising:Yes
Local Advertising:Yes
Marketing Materials:Ad Slicks, Brochures, Catalogs, Coupons/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos
Additional Services:Grand Opening, In-house Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies
Other Marketing Support:Member of SBA Registry, Financing Referrals, Equipment Financing, Lease Negotiations, Managerial Training, Mentoring, Sale-Leaseback, Business Plan Template.
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Included in Fees
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. Virginia Beach, VA-Initial, Intermediate, Advanced5 Days
2. Various Cities - Intermediate, Advanced3 Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:2
General Business Experience:4
Specific Industry Experience:2
Formal Education:1
Psychological Profile:3
Personal Interview(s):5

Minority Representation

Units Owned by Minorities:

African-American:316
Asian-American:149
Hispanic:313
Native American:4
Other:392
Specific Minority:Member of SBA registry, Financing Referrals, Equipment Financing, Lease Negotiations, Managerial Training, Mentoring, Sale-Leaseback, Business Plan Template, member of IFA's MinorityFran and VetFran.

Terms of Contract

Term of Initial Contract:5 Year(s)
Term of Renewal Period:5 Year(s)
Passive Ownership:Allowed
Area Development Agreements?Yes, for 10 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   400-500
U.S.:Yes, All United States
Canada:Yes
Overseas:No
 
 
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