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  Home  >>  Business-Related  >>  Tax Services




Jackson Hewitt Tax Service
7 Sylvan Way, Fl. 2
Parsippany, NJ 07054


Submit an online form to receive information from Jackson Hewitt Tax Service.
Business Description

JACKSON HEWITT prepares tax returns for customers throughout over 4,000 franchised offices in more than 48 states, including locations within Wal-Mart, Kmart, Staples, etc. Since its founding in 1986, JACKSON HEWITT is the fastest-growing national tax service. Offices are independently owned and operated, offering full-service individual tax preparation, electronic filing, refund anticipation loans (subj. to qualification), and audit representation. A subsidiary of Cendant Corp. since 1998.

Franchisor Background

Year Established:  1960

Franchising Since:  1986

Operating Units:

Franchised Units:

3,792

87.9%
Company-Owned Units:52412.1%
 
Total Operating Units:
4,316
100.0%
 
Geographic Distribution:
U.S.:4,316100%In 48 States
Canada:00%In 0 Canadian Provinces
International:00%In 0 Foreign Countries
 
Total:
4,316
100.0%
 
 
North America:
States/Provinces with the largest number of operating units:
DensityUnits
1. Texas480
2. Illinois350
3. Florida381

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: $100K
Cash Investment:$25-50K
Total Investment:$47.4-75.2K
Average Total Investment:$61K
 
Fees:
Initial Franchise Fee:$25K
Average Franchise Fee:$25K
On-Going Royalty:15%
Average Royalty:15%
Advertising Fee:6%
 
Average Number of Employees: 1 Full-time, 6 Part-time

Space Needs (in square footage): 400-1,000

Preferred Sites: Storefront, Strip Center, Regional Mall

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: Yes

Franchisee Qualifications
 
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:5
General Business Experience:5
Specific Industry Experience:3
Formal Education:4
Psychological Profile:4
Personal Interview(s):5
 
Terms of Contract
 
Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes
 
Support and Training
 
International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:Yes, Member
Size of Corporate Staff: 235
Site Selection Assistance?Yes
Lease Negotiation Assistance?No
Financial Assistance?Yes, Direct
 
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:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 
Training:
1. Parsippany, NJ.5 Days
 
Expansion Plans
 
Projected New Units Over Next 12 months: 350

U.S.:

Yes, All United States
Canada:No
Overseas:No
Submit an online form to receive information from Jackson Hewitt Tax Service.