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Tax Centers of America

Tax preparation & electronic filing

Background

Founded: 1994 Franchising since: 1997
1611 E. Main
Russellville, Arkansas 72801
Phone:
(479)968-4796


Franchisor is a privately-held company with 15 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 128 0 0 1
2008 122 0 0 1
2007 115 0 0 2
2006 104 0 0 2
2005 104 0 0 2

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South carolina, Tennessee, Texas, Utah, Virginia, Vermont, West virginia, Wyoming

Exclusive territories available.
Territory size: 10,000 population

Costs and Fees

Total investment: $17.5K-46.95K
Franchise fee: $7.5K/20K
Ongoing royalty fee: $25-45/return
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No No
Accounts Receivable No No
Payroll No Yes

Qualifications
Cash liquidity requirement: $25K
Business Experience:
  • General business experience

Operations
  • 24% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 2
  • Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 4 days

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet

Marketing Support
  • Ad slicks
  • Regional advertising

Other marketing support
  • Commercial broadcast production

Rankings

Franchise 500® rank:
#361 (2009); #349 (2008); #333 (2007);

Low-Cost Franchises:
#83 (2009); #82 (2008); #90 (2007);


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