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Franchise Picks
Tax Centers of America
 

TAX CENTERS OF AMERICA is a tax preparation and electronic filing company with franchises in over 15 states. Our franchisees are provided with all the training and knowledge, and full-time support, to become successful. We are innovative in offering franchise opportunities to individuals desiring to become self-employed and businesses searching for a significant income stream. Franchises have unlimited expansion with our unique satellite system. The entrepreneurial spirit is a fundamental motivation.

Franchisor Background

Year Established:

  1992

Franchising Since:

  1996

Operating Units:

Franchised Units:155 98.7%  
Company-Owned Units:2 1.3%  
 ______ _____  
Total Operating Units:157 100%  
 

Geographic Distribution:

U.S.:157 100% In 16 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:157 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Arkansas67
2. Louisiana10
3. Nebraska8

Registered in Following Registration States:

  

Financial Requirements

Investment:

Minimum Net Worth:$NA
Cash Investment:$20-46K
Total Investment:$20-46K
Average Total Investment:$33K
 

Fees:

Initial Franchise Fee:$15.5K
Average Franchise Fee:$16K
On-Going Royalty:$17/Return
Average Royalty:-1%
Advertising Fee:NA

Average Number of Employees:

   4 Full-time, 2 Part-time

Space Needs (in square footage):

   800-1,200

Preferred Sites:

   Free-standing Building, Storefront

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:13
Site Selection Assistance?Yes
Lease Negotiation Assistance?No
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Not Applicable
Field Operation Evaluation:Not Applicable
Field Training:At Additional Cost
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Included in Fees
 

Training:

1. Russellville, AR4 Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:N/A
General Business Experience:N/A
Specific Industry Experience:N/A
Formal Education:N/A
Psychological Profile:N/A
Personal Interview(s):N/A

Minority Representation

Units Owned by Minorities:

African-American:15
Asian-American:N/A
Hispanic:4
Native American:N/A
Other:1-Indian
Specific Minority:Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:5 Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

  
U.S.:Yes, All United States
Canada:No
Overseas:No
 
 
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