- 2024 Franchise 500 Rank
-
N/R Ranked #454 last year
- Initial investment
-
$18K - $74K
- Units as of 2023
-
208 65.1% over 3 years
Company Overview
About Toro Taxes
Industry | Financial Services |
---|---|
Related Categories | Tax Services, Business Financial Services |
Founded | 1990 |
Parent Company | Toro Taxes Franchise LLC |
Leadership | Nick Maldonado, CEO |
Corporate Address |
6130 Elton Ave. Las Vegas, NV 89107 |
Social | Facebook, LinkedIn, Instagram, YouTube |
Business Overview
Franchising Since | 2015 (9 years) |
---|---|
# of employees at HQ | 15 |
Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming |
# of Units | 208 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Toro Taxes franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$5,000 - $35,000 |
---|---|
Initial Investment
|
$17,835 - $74,150 |
Cash Requirement
|
$5,000 - $35,000 |
Veteran Incentives
|
25% off franchise fee |
Royalty Fee
|
10% |
Ad Royalty Fee
|
7% |
Term of Agreement
|
5 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
In-House Financing | Toro Taxes offers in-house financing to cover the following: franchise fee |
---|---|
Third Party Financing | Toro Taxes has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 50 hours |
---|---|
Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
Yes |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Toro Taxes landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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