Jackson Hewitt Tax Service
Tax preparation servicesBackground
Founded: 1960 Franchising since: 1986
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.
Franchisor is a publicly-held company with 370 employee(s); 31 employee(s) in franchise department.
Franchise Growth
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: By ZIP codes and geography
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.
|
3 Sylvan Wy. Parsippany, New jersey 07054 |
Phone: (800)475-2904 |
Franchisor is a publicly-held company with 370 employee(s); 31 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2007 | 5,778 | 0 | 0 | 723 |
| 2006 | 5,379 | 0 | 0 | 643 |
| 2005 | 4,871 | 0 | 0 | 613 |
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: By ZIP codes and geography
Costs and Fees
|
Total investment: $48.6K-91.8K Franchise fee: to $25K |
Ongoing royalty fee: 15% Term of agreement: 10 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | Yes | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Qualifications
Cash liquidity requirement: $50K
Business Experience:
- General business experience
Operations
- 62% of all franchisees own more than one unit
- Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)
Training and Support
Training
Ongoing Support
Marketing Support
Other marketing support
- 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
Rankings
Franchise 500® rank:
#21 (2008); #3 (2007); #5 (2006); #4 (2005);
Ranked #1 in category in:
2008; 2007; 2006; 2005;
Fastest-Growing Franchises:
#6 (2008); #6 (2007); #7 (2006); #6 (2005);
Low-Cost Franchises:
#5 (2008); #1 (2007); #2 (2006); #2 (2005);
#21 (2008); #3 (2007); #5 (2006); #4 (2005);
Ranked #1 in category in:
2008; 2007; 2006; 2005;
Fastest-Growing Franchises:
#6 (2008); #6 (2007); #7 (2006); #6 (2005);
Low-Cost Franchises:
#5 (2008); #1 (2007); #2 (2006); #2 (2005);