
Jackson Hewitt Tax Service
Tax preparation- 2021 Franchise 500 Rank
-
#250 Ranked #197 last year
- Initial investment
-
$75K - $110K
- Units as of 2020
-
5,781 1% over 3 years
Company Overview
About Jackson Hewitt Tax Service
- Industry
- Financial Services
- Related Categories
- Tax Services, Business Financial Services
- Founded
- 1985
- Parent Company
- Jackson Hewitt Inc.
- Leadership
- Greg Macfarlane, CEO
Franchising Overview
- Franchising Since
- 1986 (35 years)
- # of employees at HQ
- 381
- Where seeking
-
This company is seeking new franchisees throughout the US.
- # of Units
- 5,781 (as of 2020)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Jackson Hewitt Tax Service franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $15,000 - $25,000
- Initial Investment
- $74,820 - $110,255
- Veteran Incentives
- 20% off franchise fee
- Royalty Fee
- 5-15%
- Ad Royalty Fee
- 6%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Jackson Hewitt Tax Service offers in-house financing to cover the following: equipment, inventory
- Third Party Financing
- Jackson Hewitt Tax Service has relationships with third-party sources which offer financing to cover the following: startup costs
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 14 hours
- Classroom Training
- 35 hours
- Additional Training
- At Technology Headquarters (Sarasota, Fla.)
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 4
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Jackson Hewitt Tax Service landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Jackson Hewitt Tax Service ranked on other franchise lists? Find out below.
Franchise 500 Ranking
Top Franchises for Less Than $100,000
Best of the Best
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