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Below is an in-depth analysis and side-by-side comparison of Econotax vs Roni Deutch Tax Center including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $15,400 - $33,000 | $30,633 - $119,950 |
Franchise Fee | $10,000 | $29,000 |
Royalty Fee | 12% | - |
Advertising Fee | - | - |
Year Founded | 1965 | 2006 |
Year Franchised | 1968 | 2007 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Continuing education seminars | - |
Support | Meetings, Toll-free phone line, Internet | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
ECONOTAX is an association of tax professionals, who carefully prepare Federal and state tax returns for individuals, partnerships, corporations, fiduciaries, and other taxpayers. The Econotax system
produces high-quality returns which Econotax is proud to stand behind,
assisting clients on audits and helping them plan to achieve the lowest
tax possible. The success and stability of the Econotax system is
exemplified by the first franchise, established in 1968 in Picayune,
MS., which is still operating under the same owner.
Are You Ready to Change Your Economic Outlook? Let us help you put things in perspective! If you are ready to be your own boss, take charge of your life, and start living your dream of being in business for yourself, Roni Deutch Tax Center franchise is an excellent choice. The Roni Deutch Tax Center franchise system is part of a billion dollar industry that has consistently withstood changes in the economy. Unlike other franchise businesses that go up and down with the economy, tax return preparation services are recession resistant. This means that regardless of the economic times individuals still need to file their tax returns. As they say, the only thing certain in life is death and taxes, which makes tax preparation services a great industry to join. Tax Preparation is Booming! Unknown to most prospective business owners the tax return industry is booming! For the past several years the tax preparation industry has grown and grown and grown. Here's how: * First, each year more individuals are required to file tax returns than the year before. Each individual that needs to file his or her tax returns represents a potential customer to you. Thus, if more individuals are required to file tax returns each year, they will need someone to do that for them. Shouldn't it be you? * Second, as tax returns becoming increasingly complicated more people are using tax preparers than ever before. Even individuals that have previously prepared their own tax returns are increasingly turning to tax preparers to have their income tax returns prepared. Don't let this opportunity slip away. When you open a Roni Deutch Tax Center you will be able to take advantage of the increasing demand for professional tax preparation services.