#339

Initial Investment

LOW: $58,700
HIGH: $71,900

Change in Units

+1.0% +41 UNITS (1 Year)
-9.2% -416 UNITS (3 Years)

Company Profile

Founded

1972

Franchising Since

1973 (44 Years)

Corporate Address

1716 Corporate Landing Virginia Beach, VA 23454

CEO

John Hewitt

Parent Company

JTH Tax Inc.

Ticker Symbol

About Liberty Tax Service

In 1997, John Hewitt, founder of Jackson Hewitt Tax Service, acquired a tax company that had been franchising in Canada since 1973. The company changed its name to Liberty Tax Service and now offers franchises throughout the United States and Canada.

Financials

Financial Requirements

Initial Investment

$58,700 - $71,900

Net-worth Requirement

$50,000

Liquid Cash Requirement

$50,000

Ongoing Fees

Initial Franchise Fee

$40,000

Ongoing Royalty Fee

14%

Ad Royalty Fee

5%

Financing Options

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

Liberty Tax Service has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


20% off franchise fee, special financing

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training at headquarters: 6 days

Additional Training: Additional training in various cities

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks
National Media
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 5 - 10

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Disclaimer

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: August 24th, 2016

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