Jackson Hewitt Tax Service
At a Glance
Products & Services: Tax preparation services
Number of Locations:
Total Investment: $48.6K - 91.8K
Founded: 1960
Began Franchising: 1986
Public Owned
About Jackson Hewitt Tax Service
Started in 1960, Jackson Hewitt is a full-service, year-round national tax service specializing in computerized federal and state preparation of individual returns. It began franchising in 1986, the same year that the IRS introduced electronic filing.Startup Costs, Ongoing Fees and Financing
Total Investment: $48,600 - $91,800
Franchise Fee: $25,000
Ongoing Royalty Fee: 15%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $25,000
Ongoing Royalty Fee: 15%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Liquid Cash Available: $50,000
Operations
62% of all franchisees own more than one unit. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 5 days. Regional training : 2 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: 800 locator number, website
Franchise Ranking History
Franchise 500®: #21 (2008),
Fastest-Growing: #6 (2008),
Low-Cost: #5 (2008),
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