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Franchise 500 2023
2023 Franchise 500 Rank
#454 Ranked #396 last year
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Initial investment
$18K - $74K
Units as of 2022
195 arrow up 109.7% over 3 years

Company Overview

About Toro Taxes

Founded
1990
Parent Company
Toro Taxes Franchise LLC
Leadership
Nick Maldonado, CEO
Corporate Address
6130 Elton Ave.
Las Vegas, NV 89107

Business Overview

Franchising Since
2015 (2023-2015 years)
# of employees at HQ
15
Where seeking

This company is offering new franchisees in the following US states: Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wyoming

# of Units
195 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Toro Taxes 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 Information Circle
$5,000 - $35,000
Initial Investment Information Circle
$17,835 - $74,150
Cash Requirement Information Circle
$5,000 - $35,000
Veteran Incentives Information Circle
25% off franchise fee
Royalty Fee Information Circle
10%
Ad Royalty Fee Information Circle
7%
Term of Agreement Information Circle
5 years
Is franchise term renewable?
Yes
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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
Toro Taxes offers in-house financing to cover the following: franchise fee
Third Party Financing
Toro Taxes has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll

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
40 hours
Classroom Training
40 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
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? Information Circle
No
Can this franchise be run part time? Information Circle
Yes
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where Toro Taxes landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022