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2022 Franchise 500 Rank
#396 Not ranked last year
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Initial investment
$38K - $64K
Units as of 2021
174 97.7% over 3 years

Company Overview

About Toro Taxes

Founded
1990
Parent Company
Toro Taxes Franchise LLC
Leadership
Nick Maldonado, CEO

Franchising Overview

Franchising Since
2015 (7 years)
# of employees at HQ
15
Where seeking

This company is seeking new franchisees throughout the US.

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

# of Units
174 (as of 2021)

Franchisor Information

Corporate Address
6130 Elton Ave.
Las Vegas, NV 89107

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
$25,000
Initial Investment
$37,835 - $64,150
Veteran Incentives
25% off franchise fee
Royalty Fee
10%
Ad Royalty Fee
7%
Term of Agreement
5 years
Is franchise term renewable?
Yes
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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: franchise fee, startup costs, equipment

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
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
Yes
Are exclusive territories available?
Yes
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Franchise 500 Ranking History

Compare where Toro Taxes landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

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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