Econotax vs Colbert/Ball Tax Service Franchise Comparison

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

Start-Up Costs and Fees

 
Econotax Franchise
Colbert/Ball Tax Service Franchise
Investment $15,400 - $33,000$30,000 - $50,000
Franchise Fee $10,000$15,000
Royalty Fee 12%15%
Advertising Fee --
Year Founded 19651995
Year Franchised 19682002
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
Econotax Franchise
Colbert/Ball Tax Service Franchise
Experience
  • General business experience
  • Customer service experience, computer skills
  • -

    Financing Options

     
    Econotax Franchise
    Colbert/Ball Tax Service Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/NoNo/Yes
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    Econotax Franchise
    Colbert/Ball Tax Service Franchise
    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

     
    Econotax Franchise
    Colbert/Ball Tax Service Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion NoNo

    Company Overviews

    About Econotax

    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.

    About Colbert/Ball Tax Service

    Colbert/Ball Tax Service was founded by Al Colbert and Ja Ja Ball in January 1995 while they were seniors in college. With an unsecured job market, they decided not to try to predict the future. They would create it!Colbert/Ball opened the doors to its first location on January 2nd, 1995 in Houston, Texas. They processed over 270 returns their first year. This allowed them the opportunity to relocate their main office to the Astrodome area, a more stable and professional environment. The mission of Colbert/Ball Tax Service is to continue providing opportunities for people to own their businesses.  Colbert/Ball Tax Service is a company on the rise. We have secured our reputation as a key competitor in the tax industry. Choosing to become a member of the Colbert/Ball family will afford you the opportunity to achieve your dreams. Colbert/Ball Tax Service will provide you powerful electronic tax preparation software, marketing concepts, training programs and seasoned individuals with more than four decades of experience in the tax industry.