Jackson Hewitt Tax Service

Jackson Hewitt Tax Service

Tax preparation
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2021 Franchise 500 Rank
#250 Ranked #197 last year
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Initial investment
$49K - $80K
Units as of 2021
5,607 2.4% over 3 years

Company Overview

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.

About Jackson Hewitt Tax Service

Founded
1985
Parent Company
Jackson Hewitt Inc.
Leadership
Greg Macfarlane, CEO

Franchising Overview

Franchising Since
1986 (35 years)
# of employees at HQ
432
# of Units
5,607 (as of 2021)

Franchisor Information

Corporate Address
10 Exchange Pl., 27th Fl.
Jersey City, NJ 07302

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
$7,500
Initial Investment
$49,000 - $79,805
Net Worth Requirement
$100,000
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-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

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
4-6
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.

Ranked #250

Franchise 500 Ranking

Ranked #35

Top Franchises for Less Than $100,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021