Instant Tax Service
No longer franchising

Instant Tax Service

Not Ranked

Initial Investment

LOW: $39,000
HIGH: $89,000

Change in Units

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Promoted Opportunities

Company Profile



Franchising Since

2004 (12 Years)

Corporate Address

1 S. Main St., #1430 Dayton, OH 45402


Fesum Ogbazion

About Instant Tax Service

Fez Ogbazion was a college student from Ethiopia in 1994 when he started Instant Refund Tax Service. In their first tax season, his startup did returns for over 600 clients and eventually grew to dozens of locations. Ogbazion sold Instant Refund Tax Service to Jackson Hewitt in 1999. In 2000, Ogbazion moved to Dayton, Ohio, with the profits from his business deal to found Instant Tax Service. By 2003, Instant Tax Service had 100 offices across several states, and the company began franchising in 2004. Instant Tax Service specializes in professional tax preparation, expedited refund and refund anticipation loans, offering both in-person and online filing services.


Financial Requirements

Initial Investment

$39,000 - $89,000

Net-worth Requirement


Liquid Cash Requirement


Ongoing Fees

Initial Franchise Fee


Ongoing Royalty Fee


Financing Options

Instant Tax Service offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, payroll

Franchise 500® Rank History

Highest Rank: 12

Lowest Rank: 201

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states:
See List

Operations & Franchisor Support

Training at headquarters: 5-1/2 days

Ongoing Support
Purchasing Co-ops
Toll-Free Line
Grand Opening
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media

Absentee Ownership Allowed

Number of employees required to run: 3

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The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 7th, 2012

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