Smart Tax

At a Glance

Products & Services: Tax preparation

Number of Locations: 27

Total Investment: $36.7K - $93.6K

Founded: 2006

Began Franchising: 2009

Franchise Units

Year U.S. Canadian International Company Owned
2011 25 0 0 2
2010 8 0 0 2
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Alabama, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Minnesota, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, South, South Carolina, Southeast, Southwest, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming.

Startup Costs, Ongoing Fees and Financing

Total Investment: $36,650 - $93,600
Franchise Fee: $20,000
Ongoing Royalty Fee: 15-20%
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $50,000
Liquid Cash Available: $25,000
Operations
40% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is allowed. (100% 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: 5 days. At franchisee's location: 5 days. Online training : 2 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media,