Next
21/500
Back

Liberty Tax Service

2014 Franchise 500
#21
At a Glance

Products & Services: Tax preparation, electronic filing

Number of Locations: 4,438

Total Investment: $57.8K - $71.9K

Founded: 1972

Began Franchising: 1973

About Liberty Tax Service

In 1997, John Hewitt, founder of Jackson Hewitt Tax Service, acquired a tax company that had been franchising in Canada since 1973. The company changed its name to Liberty Tax Service and now offers franchises throughout the United States and Canada.

Franchise Units

Year U.S. Canadian International Company Owned
2014 3,995 227 0 216
2013 4,028 231 0 261
2012 3,547 241 0 120
2011 3,286 233 0 92
2010 3,053 227 0 92
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $57,800 - $71,900
Franchise Fee: $40,000
Ongoing Royalty Fee: 14%
Term of Franchise Agreement: Perpetual, renewable
Veteran Incentives: 20% off franchise fee, special financing
Financial Requirements
Net Worth: $50,000
Liquid Cash Available: $50,000
Operations
50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5 - 10. Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 1 day. Intermediate & advanced operations training : 4 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Ad slicks, Regional advertising,
Other marketing support: Social media, PR, direct mail

Franchise Ranking History

Franchise 500®: #21 (2014), #28 (2013), #25 (2012), #21 (2011), #28 (2010),
Fastest-Growing: #13 (2014), #5 (2013), #8 (2012), #7 (2011), #9 (2010),
America's Top Global: #44 (2013), #22 (2012), #19 (2011), #23 (2010),

Request More Information

To request more information about this company, complete the form below.

Name:
Email:
Phone:
Address:
City:
State:
Country:
Zip/Postal Code:
Capital to Invest:

When would you like to start?