
Toro Taxes
Tax and accounting services- 2023 Franchise 500 Rank
-
#454 Ranked #396 last year
- Initial investment
-
$18K - $74K
- Units as of 2022
-
195 109.7% over 3 years
Company Overview
About Toro Taxes
- Industry
- Financial Services
- Related Categories
- Tax Services, Business Financial Services
- 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
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
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty 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
Interested in ownership opportunities like Toro Taxes? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Toro Taxes landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Toro Taxes ranked on other franchise lists? Find out below.
Ranked #454 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #39 in 2023
Buying a franchise on a budget? No problem. Here are the top franchises that can be started for less than $50,000. For more low-cost opportunities, see our lists of franchises that can be started for less than $100,000 and less than $150,000.
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- description
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