Liberty Tax Franchise | Cost, Fee, Sale, Opportunity

Are you looking for start liberty tax franchise for sale business in the financial sector, Liberty Tax Franchise is the good option to choose as a franchise owner. In this post will you get details about how to sale, franchise cost, franchise fee and opportunities etc.

JTH Tax, Inc. d/b/a Liberty Tax Service is the franchisor. Liberty Tax Service is a retail personal assessment form planning business serving essentially clients from the low to centre levels of pay.

The franchise offered is for a franchise program to work assessment form planning workplaces using uncommon advertising methods and working methodology.

In 1997, John Hewitt, organizer of Jackson Hewitt Tax Service, obtained an assessment organization that had been franchising in Canada since 1973. The organization changed its name to Liberty Tax Service and now offers franchises all through the United States and Canada.

Liberty Tax Service gives full-service charge arrangement and bookkeeping in the $11 billion expense planning administrations advertise. They are the brand with the notorious and fiery Statue of Liberty Wavers. At the point when Americans see them, they realize it’s duty time.

#1. Liberty Tax Franchise Opportunities

What are the liberty tax franchise opportunities? Liberty Tax® is a group of visionaries and practitioners, each from various foundations, however all with similar objectives: to live without anyone else terms, to flourish monetarily, and to help themselves, their friends and family, and their locale.

  • Liberty Tax® has been an Entrepreneur magazine Franchise 500 franchise opportunity
  • More than 50%* of U.S. charge filers utilize a professional tax preparer
  • Some of the most minimal beginning up costs in franchising

Liberty Tax Franchise has great benefits:

  • Top 500 Franchise
  • Low Start-Up Cost
  • Industry Leading Marketing
  • World-Class Support
  • Flexible Ownership Options
  • Proven Leadership

#2. Liberty Tax Franchise Cost

1. Liberty tax franchise cost:

Estimated Investment Cost
Name of FeeLowHigh
Initial or Resale Franchise Fee$0$40,000
Security Deposit$0$0
Initial Advertising$5,000$7,500
Travel and Living Expenses While Training$1,000$2,500
Equipment & Furniture$3,000$5,000
liberty tax franchise Rent$3,000$6,000
Additional Funds – 3 months$3,000$4,500
Evaluated TOTAL (does exclude sovereignties, publicizing charges or intrigue cost)$18,700$71,900

2.   Other Fee:

Type of FeeAmount
Royalties14% of Gross Receipts subject to the following minimums:
First-year – minimum $5,000
Second-year – minimum $8,000
Third-year and beyond – $11,000 minimum
liberty tax franchise Advertising5% of Gross Receipts.
Retail Kiosk ProgramsLease and pertinent expenses as required by the retailer
Guerrilla Marketing Boot Camp – On-SiteThe fee varies based upon when the Camp takes place as follows: January/February – $1,500; March/April – $500.
Exclusion of Pre-Existing Clients$5 per client.
Transfer Fee$5,000 per territory.
Commission Fee10% of the sales price, subject to a minimum of $5,000.
National Call Center for Tax School$.50 – Appointments; $1.50 – Tax School; $3.75 – client development; $5.25 – Tax School pack sent
Customer Refunds, Penalty & Interest, Unpaid Send a FriendsThe measure of assessment arrangement expense, money related item charges, misdelivered check sum, punishment and premium, or unpaid Send a Friend or E-Send a Friend
liberty tax franchise Change to Opening Schedule in Multi-Territory Stipulation$3,500
Retail Rent to OwnFranchisees must pay a royalty of 14% of Gross Receipts, subject to a $5,000 minimum, and an advertising fee of 5% of the Gross Receipts. If franchisees operate an office in the Territory, that office shall not be subject to the minimum royalty.
Rent to OwnFranchisees must pay to the franchisor a royalty of 14% of Gross Receipts and an advertising fee of 5% of the Gross Receipts.
Sales or Gross Receipts TaxWhenever required by the state or region in which the region is found, the underlying establishment charge, eminences, and promoting expenses will be dependent upon deals or gross receipts charge.
Transmitter, Electronic Filing, Handling or Software FeeRefund Advance from $500 up to $6,250 – 2.25% to 3.75% of the Easy Advance for each approved loan. In California, $39.95 handling fee for each Refund Transfer.
liberty tax franchise Cash in a Flash Financing Set Up Fee$55 for entities who own a single office; $110 for all other entities.
Assessment Related to Understatement of Revenues and Failure to ComplyThe costs of the review and interest of 12% per annum on the understated amount.
Sublease FeeUp to $1,000.
Attorneys’ Fees and CostsAn amount equal to the franchisor’s costs and expenses.

*The above information has been compiled from the FDD of Liberty Tax Service. Year of FDD: 2019.

#3. Liberty Tax Franchise For Sale

Now you thinking about Liberty Tax Franchise for sale for whom, so here also we have answer of this your doubt

  • People who look for a high-volume retail franchise, particularly at charge time
  • Someone who appreciates math and working with numbers

Also, you should have to given below points for big success in Liberty Tax Franchise

  • Open and work a retail assessment and accounting centre
  • Hire and oversee charge preparers and accountants as important
  • Work with customers in setting up their duties and other accounting services

About The Author

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top