Econotax vs Fiesta Insurance Franchise Comparison

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

Start-Up Costs and Fees
 
Econotax Franchise
Fiesta Insurance Franchise
Investment $15,400 - $33,000$67,052 - $120,599
Franchise Fee $10,000$10,000
Royalty Fee 12%15%-25%
Advertising Fee -Up to $1.2K/mo.
Year Founded 19651998
Year Franchised 19682006
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


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

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

    Training & Support
     
    Econotax Franchise
    Fiesta Insurance Franchise
    Training Continuing education seminars-
    Support Meetings, Toll-free phone line, InternetPurchasing 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, Regional advertising Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
    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)

    		Number of Employees Required to Run: 1

    Expansion Plans
     
    Econotax Franchise
    Fiesta Insurance 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 Fiesta Insurance

     Fiesta Auto Insurance offers all lines of insurance for our customers and partners. We can take your existing office and expand the companies and products available to you now. Or we can jointly create a new retail location with all the necessary products to grow and be profitable. Our Organization Provides:
    * Attractive commissions and competitive rates
    * No need for costly E & O Insurance
    * No accounting headaches
    * Office automation
    * Training and operational support
    * Marketing expertise
    * Site Selection assistance
    Our franchisees have been able to add significant revenue and profits with this additional service. All of the same services as the big guys with none of the additional cost. Our franchisees have the ability to offer Instant Refund Anticipation Loans, next day Refund Anticipation Loans, and Refund Anticipation Checks. Your franchise location will be able to offer all Federal and State forms for personal or business filings.
    Our Organization Provides:
    * State of the art Tax preparation software
    * Refund anticipation loans
    * No accounting headaches
    * Office automation
    * Training and operational support
    * Marketing expertise
    * Site Selection assistance
    * Additional revenue from services such as Travel, Money Transfers, Motor Vehicle Registrations and Real Estate are available in some states.
    The Opportunity
    If having the potential of earning a 6 figure income, owning your own business, making your own decisions, determining your own destiny and enjoying the many other rewards of business ownership is your dream, make it a reality. Become a Fiesta Franchisee. It is important to realize that this is a career in insurance sales & tax preparation. This is not employment, but rather an opportunity to start building your own business.

    "Entrepreneur
    #336 in Franchise 500 for 2020.
    #144 in Franchise 500 for 2021.