Instant Tax Service
Retail tax preparation & electronic filing

Instant Tax Service No Longer Franchising
Retail tax preparation & electronic filing

About
Founded

2000

Franchising Since

2004 (16 Years)

Corporate Address

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

CEO

Fesum Ogbazion

Financial Requirements
Initial Investment

$39,000 - $89,000

Net-worth Requirement

$10,000

Liquid Cash Requirement

$10,000

Ongoing Fees
Initial Franchise Fee

$34,000 - $34,000

Ongoing Royalty Fee

20%

Financing Options

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

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Field Operations

Marketing Support

Co-op Advertising

Ad Templates

Regional Advertising

Classroom Training:

5-1/2 days

Absentee Ownership Allowed
Number of Employees Required to Run:

3

Bio
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.
Cost
Initial Investment: Low - $39,000 High - $89,000
Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units in the following regions/states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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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