Jackson Hewitt Tax Service vs Graitco Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Jackson Hewitt Tax Service vs Graitco including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Jackson Hewitt Tax Service Franchise
Graitco Franchise
Investment $45,130 - $110,255$84,100 - $104,500
Franchise Fee $15,000 - $25,000$35,000
Royalty Fee 15% - 5%8%
Advertising Fee 6%-
Year Founded 19601997
Year Franchised 19862007
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee -$5000


Business Experience Requirements
 
Jackson Hewitt Tax Service Franchise
Graitco Franchise
Experience --

Financing Options
 
Jackson Hewitt Tax Service Franchise
Graitco Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees Yes/NoNo/No
Start-up Costs No/NoNo/No
Equipment No/NoNo/No
Inventory No/YesNo/No
Receivables No/NoNo/No
Payroll No/NoNo/No

Training & Support
 
Jackson Hewitt Tax Service Franchise
Graitco Franchise
Training On-The-Job Training: 14 hours Classroom Training: 35 hours Additional Training: At Technology Headquarters (Sarasota, Fla.) Available at headquarters: 2 weeks
Support Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/app-
Operations 83% of all franchisees own more than one unit

Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

-

Expansion Plans
 
Jackson Hewitt Tax Service Franchise
Graitco Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion No-

Company Overviews

About Jackson Hewitt Tax Service

Started in1960, Jackson Hewitt is a full-service, year-round national tax service specializing in computerized federal and state preparation of individual returns. It began franchising in 1986, the same year that the IRS introduced electronic filing.

The total investment necessary to begin operation of a standard Jackson Hewitt Tax Service® business is $74,820 to $110,255 and for a kiosk location is $45,130 to $71,355. This includes $15,500 to $25,500 that must be paid to the franchisor.
Veteran Incentives  20% off franchise fee
"Entrepreneur
#197 in Franchise 500 for 2020.
#250 in Franchise 500 for 2021.



About Graitco

The Great American Income Tax Company, GRAITCO, has been formed and is being offered to qualifying individuals as a business opportunity, an opportunity for motivated entrepreneurs to own and operate their very own income tax business. There are two types of clients in the tax preparation industry: low-end to middle, and middle to high-end. The first type of client is typically served by local tax services and the national chains, while the latter type of client is typically served by CPAs. As a GRAITCO franchisee, you will cater to and market to high-end clients, offering service comparable to that provided by CPAs, however, at more competitive prices. This means that your clients get the best of both worlds: high-end service, without the high-end pricing. This type of marketing strategy greatly increases your chances of success.