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We do no tax preparation! Instead, we provide a local, reasonably priced, walk-in retail location where the 51% of the taxpayers who prepare their own returns can obtain electronic filing without being pressured into tax preparation they do not need. We transmit the data from self-prepared returns to the IRS and states in order that the taxpayer may receive his refunds in days, not months, via direct deposit into his bank, mail or refund loan.
Franchisor Background
Year Established: 1990
Franchising Since: 1990
Operating Units: |
| Franchised Units: | 43 | | 95.6% | | |
| Company-Owned Units: | 2 | | 4.4% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 45 | | 100% | | |
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Geographic Distribution: |
| U.S.: | 45 | | 100% | | In 15 States |
| Canada: | 0 | | 0% | | In 0 Canadian Provinces |
| International: | 0 | | 0% | | In 0 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 45 | | 100% | | |
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North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. North Carolina | 8 |
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
Investment: |
| Minimum Net Worth: | $25K |
| Cash Investment: | $25K |
| Total Investment: | $25K |
| Average Total Investment: | $25K |
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Fees: |
| Initial Franchise Fee: | $13.5K |
| Average Franchise Fee: | $13K |
| On-Going Royalty: | 12% |
| Average Royalty: | 12% |
| Advertising Fee: | 3% |
Average Number of Employees: 2 Full-time, 4 Part-time
Space Needs (in square footage): 700
Preferred Sites: Free-standing Building, Storefront, Strip Center, Regional Mall
Other Sites:
Encourage Conversions? No
Earnings Claims Provided? No
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | No |
| Canadian Franchise Association: | No |
| Franchisee Association/Member: | No |
| Size of Corporate Staff: | 0 |
| Site Selection Assistance? | Yes |
| Lease Negotiation Assistance? | Yes |
| Financial Assistance? | Yes, Direct |
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Marketing Support: |
| Co-Op Advertising: | Yes |
| National Advertising: | No |
| Regional Advertising: | No |
| Local Advertising: | Yes |
| Marketing Materials: | Ad Slicks, Brochures, Coupons/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads |
| Additional Services: | Grand Opening, In-house Marketing, Marketing Research, Newsletter, Press Releases, Sales Strategies |
| Other Marketing Support: | None Specified |
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On-Going Support: |
| Central Data Processing: | Included in Fees |
| Central Purchasing: | Not Applicable |
| Field Operation Evaluation: | Included in Fees |
| Field Training: | Included in Fees |
| Initial Store Opening: | Not Applicable |
| Inventory Control: | Not Applicable |
| Franchisee Newsletter: | Not Applicable |
| Regional or National Meetings: | At Additional Cost |
| 800 Telephone Hotline: | Included in Fees |
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Training: |
| 1. Cary, NC | 1 Week | | 2. On-Site | As Needed |
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Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
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| Financial Net Worth: | 3 |
| General Business Experience: | 4 |
| Specific Industry Experience: | 1 |
| Formal Education: | 3 |
| Psychological Profile: | N/A |
| Personal Interview(s): | 4 |
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Minority Representation
Units Owned by Minorities: |
| African-American: | 6 |
| Asian-American: | 0 |
| Hispanic: | 0 |
| Native American: | 0 |
| Other: | N/A |
| Specific Minority: | Although we strongly support the objectives of the NMFI, we do not have any specific programs in place at this time. |
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Terms of Contract
| Term of Initial Contract: | 3 Year(s) |
| Term of Renewal Period: | 17 Year(s) |
| Passive Ownership: | Not Allowed |
| Area Development Agreements? | No |
| Sub-Franchising Contracts? | No |
| Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
Projected New Units Over Next 12 months: 3
| U.S.: | Yes, Eastern United States |
| Canada: | No |
| Overseas: | No |
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