Electronic Tax Filers

Electronic filing of financial data

Background

Founded: 1990 Franchising since: 1991
Founded by the Wishon family in 1990, Electronic Tax Filers provides customers with electronic tax filing and refund anticipation loans. The Cary, North Carolina-based company began franchising in 1991.

P.O. Box 2077
Cary, North carolina 27512-2077

Phone:
(919)469-0651

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2007	0	0	0	0
2006	42	0	0	2
2005	42	0	0	2

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: Negotiable

Costs and Fees

Total investment: $22K
Franchise fee: $10.5K

Ongoing royalty fee: 8%
Term of agreement: 3 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $25K
Cash liquidity requirement: $20K
Business Experience:

General business experience

Operations

41% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 2 - 3
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)