Liberty Tax Service began in 1997 by John Hewitt. Hewitt started his tax career in 1969 at H&R Block after which founded their own company, Jackson Hewitt Tax Service, in 1982. Then, in 1997 he acquired a tax company that were franchising in Canada, altered the name to Liberty Tax Service, and today they provide franchise possibilities through the U . s . States and Canada. The organization headquarters come in Virginia Beach, Virginia so that as of 2009, there have been over 2,500 franchises in america and the other 275 in Canada. They’re presently seeking new franchises around australiaOrNz, Canada, and also the U . s . States.
Liberty Tax Service has exclusive territories, an undeniable fact that may appeal to a different franchisee. But, bear in mind this may limit your growth potential and restrict you to definitely a particular location. This can be a step to consider if you feel your loved ones may ever have to relocate. The price of beginning a Liberty Tax Service will be different based on your neighborhood and also the amount needed on your part to bookOrrent commercial property. The startup estimate range comes from $56,000-$70,000. Including a $40,000 franchise fee compensated towards the parent company. They are doing offer financing choices for these costs.
Liberty Tax Service doesn’t need you to definitely have experience of tax preparation even though they do search for general business experience in addition to marketing and customer support skills. A possible franchisee should also meet a money liquidity dependence on $50,000. They’ve a comprehensive training and support in a variety of metropolitan areas in addition to in the corporate headquarters and also at the franchisee location. Regional advertising can be obtained out of the box assist with local marketing plans.
Absentee proprietors are permitted with LTS franchises. However, roughly 98% are owner operated. It’s also interesting to notice that roughly 50% of franchisees own several unit. It’s believed that every franchise needed 5-10 employees.