Tax Centers of America

At a Glance

Products & Services: Tax preparation, electronic filing

Number of Locations: 92

Total Investment: $20.3K - $63.6K

Founded: 1994

Began Franchising: 1997

About Tax Centers of America

The first Tax Centers of America (TCOA) office opened in Russellville, Arkansas, and the company is still headquartered there today. The business started out offering electronic tax filing services, but within a couple of years had expanded to training others to open their own electronic filing businesses and acting as a service center for tax offices. Franchising officially began in 1997.

Franchise Units

Year U.S. Canadian International Company Owned
2013 91 0 0 1
2012 117 0 0 1
2011 193 0 0 1
2010 179 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South, South Carolina, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, West, West Virginia, Wyoming.

Startup Costs, Ongoing Fees and Financing

Total Investment: $20,300 - $63,550
Franchise Fee: $10,000 - $35,000
Ongoing Royalty Fee: $30-55/return
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Liquid Cash Available: $30,000
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).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

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

Franchise Ranking History

Franchise 500®: #481 (2013), #167 (2012), #187 (2011), #283 (2010),
Fastest-Growing: #51 (2012), #41 (2011),
Low-Cost: #92 (2013), #25 (2012), #38 (2011), #69 (2010),