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EconoTax
5846 Ridgewood Rd., # B-101, P.O. Box 13829
Jackson, MS 39236
800#: (800) 748-9106
Tel: (601) 956-0500
Fax: (601) 956-0583
E-Mail: [email protected]
Web Site: www.econotax.com
Contact: Mr. James T. Marsh, President
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
Established: 1965
First Franchise: 1968
Franchise Units: 52
Company-Owned Units: 0
Total Units: 52
Distribution:
U.S. -- 52;
Canada -- 0;
International -- 0
-North America -- Operations in 7 States
-States/Provinces with Greatest Density: 40 in MS, 6 in AL, 3 in FL
Projected New Units Over Next 12 months: 5
Franchisee Qualifications: 2, 3, 1, 1, 5, 5
(Click here for an explanation)
Registered in Following Registration States: FL (Click here for an explanation)
Average Number of Employees: 2 FT, 2 PT (FT = Full Time, PT = Part Time)
Space Needs: 600 SF; SC
(Click here for abbreviations)
Encourage Conversion: NA
Financial Requirements
Cash Investment: $5-15K
Total Investment: $10-25K
Average Total Investment: $17.5K
Minimum Net Worth: $25K
Fees:
-Franchise: $10K
-Average Franchise Fee: $10.0K
-Royalty: 15%
-Average Royalty: 15.0%
-Advertising: 4%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 5/1
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: No
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(D)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 5
On-Going Support: A,b,C,d,G,H,I (Click here for an explanation)
Training: 5 Days, Jackson, MS.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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