Econotax vs Graitco Franchise Comparison

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

Start-Up Costs and Fees
 
Econotax Franchise
Graitco Franchise
Investment $15,400 - $33,000$84,100 - $104,500
Franchise Fee $10,000$35,000
Royalty Fee 12%8%
Advertising Fee --
Year Founded 19651997
Year Franchised 19682007
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee -$5000


Business Experience Requirements
 
Econotax Franchise
Graitco Franchise
Experience
  • General business experience
  • Customer service experience, computer skills
    		• -

    Financing Options
     
    Econotax Franchise
    Graitco Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Econotax Franchise
    Graitco Franchise
    Training Continuing education seminarsAvailable at headquarters: 2 weeks
    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
    Graitco Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion No-

    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 Graitco

    The Great American Income Tax Company, GRAITCO, has been formed and is being offered to qualifying individuals as a business opportunity, an opportunity for motivated entrepreneurs to own and operate their very own income tax business. There are two types of clients in the tax preparation industry: low-end to middle, and middle to high-end. The first type of client is typically served by local tax services and the national chains, while the latter type of client is typically served by CPAs. As a GRAITCO franchisee, you will cater to and market to high-end clients, offering service comparable to that provided by CPAs, however, at more competitive prices. This means that your clients get the best of both worlds: high-end service, without the high-end pricing. This type of marketing strategy greatly increases your chances of success.