Business Description

ECONOTAX provides full support for the establishment and operation of tax offices that provide the public individual and small business tax services, including audit representation, tax preparation, electronic tax filing, and refund loan services. This includes software for tax preparation and electronic filing and training and research services.

Franchisor Background

Year Established:  1965

Franchising Since:  1968

Operating Units:
Franchised Units:	52	100%
Company-Owned Units:	0	0%
Total Operating Units:	52	100.0%
Geographic Distribution: U.S.: 52 100% In 7 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 52 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Mississippi	40
2. Florida	3
3. Alabama	6

Registered in Following Registration States: Florida

Financial Requirements

Investment:
Minimum Net Worth:	$25K
Cash Investment:	$5-15K
Total Investment:	$10-25K
Average Total Investment:	$18K
Fees:
Initial Franchise Fee:	$10K
Average Franchise Fee:	$10K
On-Going Royalty:	15%
Average Royalty:	15%
Advertising Fee:	4%

Average Number of Employees: 2 Full-time, 2 Part-time

Space Needs (in square footage): 600

Preferred Sites: Strip Center

Other Sites:

Encourage Conversions? Not Applicable

Earnings Claims Provided?: Yes

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	2
General Business Experience:	3
Specific Industry Experience:	1
Formal Education:	1
Psychological Profile:	5
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	5 Year(s)
Term of Renewal Period:	1 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	5
Site Selection Assistance?	No
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Direct
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Included in Fees
Central Purchasing:	At Additional Cost
Field Operation Evaluation:	Included in Fees
Field Training:	At Additional Cost
Initial Store Opening:	Not Applicable
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Jackson, MS	5 Days
Expansion Plans
Projected New Units Over Next 12 months: 5 U.S.: Yes, All United States Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from EconoTax.