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Updated RecentlyJackson Hewitt Tax Service vs Instant Tax Service Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Jackson Hewitt Tax Service vs Instant Tax Service including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $45,130 - $110,255 | $39,000 - $89,000 |
| Franchise Fee | $15,000 - $25,000 | $39,000 |
| Royalty Fee | 15% - 5% | 20% |
| Advertising Fee | 6% | - |
| Year Founded | 1960 | 2000 |
| Year Franchised | 1986 | 2004 |
| Term Of Agreement | 10 years | 10 Years |
| Term Of Agreement | 10 years | 10 Years |
| Renewal Fee | - | 25% of franchise 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 | Yes/No |
| Start-up Costs | No/No | Yes/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/Yes | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | On-The-Job Training: 14 hours Classroom Training: 35 hours Additional Training: At Technology Headquarters (Sarasota, Fla.) | Specialized, in-depth training to prepare you for your new career as a small business owner. You will learn all about the tax industry, current tax laws, state-of-the-art software programs, and everything else you need to build your business. Our franchise support team will help you every step of the way. |
| Support | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Our Franchise Support team will provide all the interior design specifications, floor plans, and marketing and sales materials you need for this business opportunity. If you have any questions, just call on our year-round franchise support team. |
| 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 |
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| US Expansion | Yes | - |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About Jackson Hewitt Tax Service
Veteran Incentives 20% off franchise fee
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About Instant Tax Service
If you have an entrepreneurial spirit and an interest in succeeding with a powerful new business opportunity, you're not alone! As one of the top franchisors in the tax industry, we pride ourselves on offering small business owners the opportunity to succeed with us. Does this business opportunity offer you the type of challenge you're looking for? Are you comfortable with the type of investment you'll need? Be sure to ask questions from the company's franchise recruiting staff. Make sure the franchise has a proven business model and dedicated franchise support team. As a franchisor, we strive to make sure our franchisees are the right fit for our business opportunity. To learn more about franchising opportunities, visit our website www.instanttaxservice.com and fill out our request for information. Let us help you get started on the road to franchising!