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Electronic Tax Filers
 

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%  
 

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%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. North Carolina8

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
 

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
 

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
 

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
 

Training:

1. Cary, NC1 Week
2. On-SiteAs Needed
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:4
Specific Industry Experience:1
Formal Education:3
Psychological Profile:N/A
Personal Interview(s):4

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.

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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