- 2024 Franchise 500 Rank
-
#382 Ranked #253 last year
- Initial investment
-
$96K - $128K
- Units as of 2023
-
5,287 8% over 3 years
Filing taxes can be, well, taxing, but with a Jackson Hewitt Tax Service franchise, you can provide your community with local and reliable tax services.
Jackson Hewitt Tax Service is one of the largest in-person tax service franchises in the U.S. It specializes in preparing computerized federal and state tax returns. Jackson Hewitt Tax Service has more than 5,000 locations, making it relatively convenient for clients to get assistance. Of those locations, more than 3,500 of them are operated by franchisees.
Why You May Want to Start a Jackson Hewitt Tax Service Franchise
Jackson Hewitt Tax Service offers its franchisees support ranging from field support to advertising to software. They also offer help site selection and much more. In short, you may be able to open your franchise business without the extra burden of ironing out the technicalities that come with starting a business.
Additionally, you do not need to have prior experience in the taxation field to run a Jackson Hewitt Tax Service franchise. All you need to have to open a franchise with the company is business experience and the funds necessary to cover the costs. Owing to the seasonal nature of tax seasons, you may be able to take up the franchise as a side business. The flexibility can allow you to dictate how to spend your time without compromising the health of your franchise.
What Might Make a Jackson Hewitt Tax Service Franchise a Good Choice?
To be part of the Jackson Hewitt Tax Service team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. Additionally, you should be prepared for ongoing fees that will include advertising fees and royalty fees.
Every time you search online for 'tax advisors near me,' a Jackson Hewitt Tax Service franchise may pop up. They owe part of their reputation to their highly accurate services, making your franchise viable for tax returns and repeat customers.
As a franchisee, you will be tasked with helping individuals and corporations analyze and file their taxes. You can choose to either do the work yourself or employ certified accountants. One Jackson Hewitt Tax Service franchise may operate in multiple locations, potentially allowing you to expand your reach.
How to Open a Jackson Hewitt Tax Service Franchise
Before making any financial commitment or signing a franchise agreement, you must perform your due diligence and establish if this is the right opportunity for you. Speak to existing franchisees and ask questions directed to the Jackson Hewitt Tax Service team.
As you decide if opening a Jackson Hewitt Tax Service franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise location would do well in your community. If there are multiple other tax service businesses in your area, then you may want to reconsider your location of choice.
To get started with the process of opening a Jackson Hewitt Tax Service franchise, submit an inquiry form. If you are seen as a good fit, a franchise representative may reach out to you to begin the process.
Company Overview
About Jackson Hewitt Tax Service
| Industry | Financial Services |
|---|---|
| Related Categories | Tax Services, Business Financial Services |
| Founded | 1985 |
| Parent Company | Jackson Hewitt Inc. |
| Leadership | Greg Macfarlane, CEO |
| Corporate Address |
10 Exchange Pl., 27th Fl. Jersey City, NJ 07302 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 1986 (38 years) |
|---|---|
| # of employees at HQ | 444 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 5,287 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Jackson Hewitt Tax Service franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$50,000 |
|---|---|
|
Initial Investment
|
$96,050 - $127,500 |
|
Net Worth Requirement
|
$100,000 |
|
Veteran Incentives
|
20% off franchise fee |
|
Royalty Fee
|
3%-15% |
|
Ad Royalty Fee
|
6.5% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| In-House Financing | Jackson Hewitt Tax Service offers in-house financing to cover the following: equipment, inventory |
|---|---|
| Third Party Financing | Jackson Hewitt Tax Service has relationships with third-party sources which offer financing to cover the following: startup costs |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 34 hours |
|---|---|
| Classroom Training | 35 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 4-6 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Jackson Hewitt Tax Service landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Jackson Hewitt Tax Service ranked on other franchise lists? Find out below.
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