|
Frequently Asked Questions
How Long Are the Average Franchise Agreement Terms?
This depends heavily
on the tax service franchise you choose. Generally the first term is for 10 years
and then you can renew.
How much does it cost to open a tax service
franchise?
Depending on the type of store you open and which franchise
you choose, you'll need somewhere between $50,000 to $95,000.
How quickly will it take to make a profit?
Your profits will depend on how well you run the business, how good your location
is, and how well you manage your employees. There is no real way to average out
how fast you will see a profit because it depends on the individual franchisee.
Do tax franchises offer financing?
Yes, they typically do offer
some financing for the initial franchise fee. For the other costs, most tax service
franchises will connect you with a 3rd party lender.
Do most
tax service franchises offer training?
Yes. Most franchises offer in-depth
training on running a tax business including marketing, budgeting, and other aspects
of the tax service business.
Can I own more than one tax service
franchise store?
Yes, generally you can own as many stores as you'd like
in your territory.
Can I sell my tax service franchise?
Yes - typically you can sell your franchise to a person who is pre-approved by
your franchisor. Be careful of fees assessed during this process.
|