Business Description

Professional income tax preparation service specializing in middle-income and upwardly mobile individual and small business taxpayers. Proven marketing and operating methods. Income tax school. Business training and support provided. Minimal start-up cost.

Franchisor Background

Year Established:  1987

Franchising Since:  1998

Operating Units:
Franchised Units:	0	0%
Company-Owned Units:	16	100%
Total Operating Units:	16	100.0%
Geographic Distribution: U.S.: 16 100% In 1 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 16 100.0%

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

Density	Units
1. Virginia	16

Registered in Following Registration States:

Financial Requirements

Investment:
Minimum Net Worth:	$100K
Cash Investment:	$40-60K
Total Investment:	$51-86K
Average Total Investment:	$68K
Fees:
Initial Franchise Fee:	$16K
Average Franchise Fee:	$16K
On-Going Royalty:	9%
Average Royalty:	9%
Advertising Fee:	6%

Average Number of Employees: 1 Full-time, 9 Seasonal Part-time

Space Needs (in square footage): 600-1,000

Preferred Sites: Storefront, Strip Center, Regional Mall

Other Sites:

Encourage Conversions? No

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	N/A
General Business Experience:	N/A
Specific Industry Experience:	N/A
Formal Education:	N/A
Psychological Profile:	N/A
Personal Interview(s):	N/A
Terms of Contract
Term of Initial Contract:	5 Year(s)
Term of Renewal Period:	Year(s)
Passive Ownership:	Not Allowed
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:	10
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	No
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:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	At Additional Cost
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Richmond, VA	25 Hours
Expansion Plans
Projected New Units Over Next 12 months: U.S.: Yes, VA Only Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from Peoples Income Tax.