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Updated RecentlyEconotax vs The Giant Franchise Corporation Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Econotax vs The Giant Franchise Corporation including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $15,400 - $33,000 | $18,500 - $61,375 |
| Franchise Fee | $10,000 | $10,000 |
| Royalty Fee | 12% | 15% or $300 /month |
| Advertising Fee | - | - |
| Year Founded | 1965 | - |
| Year Franchised | 1968 | - |
| Term Of Agreement | 5 years | 5 years |
| Term Of Agreement | 5 years | 5 years |
| Renewal Fee | - | $3,000 |
Business Experience Requirements |
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| Experience | General business experience Ability to manage finances Must enjoy dealing with the public | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| 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 |
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| 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 The Giant Franchise Corporation
Insurance Giant offers Auto and Homeowners insurance for our clients. Take your existing office to the next level by expanding your companies and products. We'll partner with you to create a new insurance center with all the necessary tools to be successful. Our Organization Provides: Attractive commissions and competitive rates Low operational expenses Ease of Accounting headache Streamline office automation Training and operational support Site Selection assistance Our locations can operate with one full time or two part time staff. With our valued added services Income tax services, Motor Vehicle Registration, and Bill Payment. Earn unlimited income potential.