Econotax vs Sareen & Associates Franchise Comparison

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

Start-Up Costs and Fees

 
Econotax Franchise
Sareen & Associates Franchise
Investment $15,400 - $33,000$758,000
Franchise Fee $10,000$20,000
Royalty Fee 12%15%
Advertising Fee --
Year Founded 19651993
Year Franchised 19682006
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
Econotax Franchise
Sareen & Associates Franchise
Experience
  • General business experience
  • Customer service experience, computer skills
  • -

    Financing Options

     
    Econotax Franchise
    Sareen & Associates Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoYes/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    Econotax Franchise
    Sareen & Associates 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
    Sareen & Associates Franchise
    US Expansion -Yes
    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 Sareen & Associates

    NO LONGER FRANCHISING