Jackson Hewitt Tax Service Franchise

Overview

• Brand: Jackson Hewitt Tax Service®
• Corporation: Jackson Hewitt Inc., a Virginia corporation
• Franchise Offer: Operating a business for tax preparation and related financial services

Investment Details

• Total Investment: $49,200 to $81,805 for new franchisees; $42,500 to $79,805 for existing franchisees
• Initial Fees: $15,700 to $35,000 (new franchisees); $10,200 to $34,500 (existing franchisees)
• Kiosk Location Investment: $15,500 to $34,425 (includes $0 to $1,000 payable to franchisor)

Franchise Model

• Operating Since: 1986
• Franchise System: Tax return preparation, financial and related services
• Territory: Specified in Franchise Agreement, with office type and number requirements

Competition and Market

• Competitive Market: Highly competitive with various tax preparers, accounting firms, financial services, and online tax solutions
• Key Factors: Product mix, service pricing, customer service, office locations, local economic conditions, electronic filing capabilities, and financial product availability
• Revenue: Primarily derived during Tax Seasons

Fees and Financial Obligations

• Application Fee: $500 (non-refundable, for new franchisees only)
• Initial Franchise Fee: $7,500 for standard office; discounts for existing franchisees based on performance
• Kiosk Franchise: No additional initial fee for qualifying franchisees
• Local Advertising: $5,000 in the first Tax Season (or $1,000 for certain accounts), non-refundable
• Royalty Fee: Greater of 5% of Gross Volume or $1,500, due semi-monthly from January to April

Key Takeaways

• Jackson Hewitt offers a robust franchise system focusing on tax services and related financial products.
• The initial investment varies, offering options for both new and existing franchisees, including lower-cost kiosk models.
• Marketing and royalty fees are structured to support business growth, with a focus on the critical Tax Season revenue.
• Operating in a competitive market, success relies on strategic location, service quality, and effective local marketing.

Start your journey with Jackson Hewitt, a leader in tax preparation services, and become part of a network dedicated to financial expertise and customer satisfaction.