2021 Franchise 500 Rank
N/R Ranked #355 last year
See the Full List
Initial investment
$61K - $74K
Units as of 2020
2,803 25.6% over 3 years

Company Overview

With more than 2,700 offices in the U.S. and Canada, Liberty Tax has reimagined the seasonal, tax-only model to one that operates year-round through services such as tax resolutions, loans, mortgage origination, and more.

About Liberty Tax Service

Founded
1972
Parent Company
JTH Tax Inc.
Leadership
Brent Turner, CEO
Ticker Symbol
FRG

Franchising Overview

Franchising Since
1973 (48 years)
# of employees at HQ
285
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Canada

# of Units
2,803 (as of 2020)

Franchisor Information

Corporate Address
500 Grapevine Hwy., #402
Hurst, TX 76054

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Liberty Tax Service 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
$40,000
Initial Investment
$60,700 - $73,900
Net Worth Requirement
$100,000 - $250,000
Cash Requirement
$75,000
Veteran Incentives
$15,000 off franchise fee; special financing
Royalty Fee
14%
Ad Royalty Fee
5%
Term of Agreement
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
Liberty Tax Service offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Third Party Financing
Liberty Tax Service 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
12 hours
Classroom Training
30 hours
Additional Training
Additional training in various cities
Ongoing Support
Purchasing Co-ops
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
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
Yes
# of employees required to run
5
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Liberty Tax Service landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Liberty Tax Service ranked on other franchise lists? Find out below.

Ranked #40

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021