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Updated RecentlyJackson Hewitt Tax Service vs Umbrella Financial Services Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Jackson Hewitt Tax Service vs Umbrella Financial Services 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 | $199 |
| Franchise Fee | $15,000 - $25,000 | N/A |
| Royalty Fee | 15% - 5% | - |
| Advertising Fee | 6% | - |
| Year Founded | 1960 | 2011 |
| Year Franchised | 1986 | 2011 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 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/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | 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.) | - |
| 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 |
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| US Expansion | Yes | 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]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#197 in Franchise 500 for 2020.
#250 in Franchise 500 for 2021.
About Umbrella Financial Services
!["Umbrella]("https://umbrellataxes.com/wp-content/uploads/2018/08/Umbrella-Taxes-4.png")
Whether you’re a seasoned professional or new in your career, we’ve got
unique plans to help you earn more money, develop your skillset and
build your dream business.
Build your own low-cost, recession-proof, high-growth tax and financial planning business - we’ll show you how.