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Below is an in-depth analysis and side-by-side comparison of Tax Smart America vs H & R Block including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $25,000 | $31,501 - $149,398 |
Franchise Fee | $25,000 | $2,500 |
Royalty Fee | 8% | 30% |
Advertising Fee | - | No Advertising Fees |
Year Founded | 1999 | 1955 |
Year Franchised | 2001 | 1958 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $10K-25K | - |
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/Yes | -/- |
Start-up Costs | No/Yes | Yes/- |
Equipment | No/No | Yes/- |
Inventory | No/No | Yes/- |
Receivables | No/No | Yes/- |
Payroll | No/No | Yes/- |
Training & Support |
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Training | - | On-The-Job Training: Up to 300 hours Classroom Training: 36 hours Additional Training: Regional training, year-round; ongoing online training |
Support | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter 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 slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |