Tax Centers of America vs 1040TaxBiz Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Tax Centers of America vs 1040TaxBiz including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Tax Centers of America Franchise
1040TaxBiz Franchise
Investment $28,900 $249 - $2,899
Franchise Fee $15,500 N/A
Royalty Fee Varies -
Advertising Fee - -
Year Founded 1994 -
Year Franchised 1997 -
Term Of Agreement 10 years -
Term Of Agreement 10 years -
Renewal Fee $1K -


Business Experience Requirements

 
Tax Centers of America Franchise
1040TaxBiz Franchise
Experience - -

Financing Options

 
Tax Centers of America Franchise
1040TaxBiz Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees No/No -/-
Start-up Costs No/No -/-
Equipment No/No -/-
Inventory No/No -/-
Receivables No/No -/-
Payroll No/No -/-

Training & Support

 
Tax Centers of America Franchise
1040TaxBiz Franchise
Training - -
Support Newsletter, Meetings, Toll-free phone line, Internet -
Marketing Ad slicks, Regional advertising -
Operations 24% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 2

Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators)

-

Expansion Plans

 
Tax Centers of America Franchise
1040TaxBiz Franchise
US Expansion Yes Yes
Canada Expansion No -
International Expansion No -

Start-Up Costs and Fees Mobile

Investment
Tax Centers of America Franchise
$28,900
1040TaxBiz Franchise
$249 - $2,899
Franchise Fee
Tax Centers of America Franchise
$15,500
1040TaxBiz Franchise
N/A
Royalty Fee
Tax Centers of America Franchise
Varies
1040TaxBiz Franchise
-
Advertising Fee
Tax Centers of America Franchise
-
1040TaxBiz Franchise
-
Year Founded
Tax Centers of America Franchise
1994
1040TaxBiz Franchise
-
Year Franchised
Tax Centers of America Franchise
1997
1040TaxBiz Franchise
-
Term Of Agreement
Tax Centers of America Franchise
10 years
1040TaxBiz Franchise
-
Renewal Fee
Tax Centers of America Franchise
$1K
1040TaxBiz Franchise
-


Business Experience Requirements

Experience
Tax Centers of America Franchise
-
1040TaxBiz Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Tax Centers of America Franchise
No/No
1040TaxBiz Franchise
-/-
Start-up Costs
Tax Centers of America Franchise
No/No
1040TaxBiz Franchise
-/-
Equipment
Tax Centers of America Franchise
No/No
1040TaxBiz Franchise
-/-
Inventory
Tax Centers of America Franchise
No/No
1040TaxBiz Franchise
-/-
Receivables
Tax Centers of America Franchise
No/No
1040TaxBiz Franchise
-/-
Payroll
Tax Centers of America Franchise
No/No
1040TaxBiz Franchise
-/-

Training & Support

Training
Tax Centers of America Franchise
-
1040TaxBiz Franchise
-
Support
Tax Centers of America Franchise
Newsletter, Meetings, Toll-free phone line, Internet
1040TaxBiz Franchise
-
Marketing
Tax Centers of America Franchise
Ad slicks, Regional advertising
1040TaxBiz Franchise
-
Operations
Tax Centers of America Franchise
24% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 2

Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators)

1040TaxBiz Franchise
-

Expansion Plans

US Expansion
Tax Centers of America Franchise
Yes
1040TaxBiz Franchise
Yes
Canada Expansion
Tax Centers of America Franchise
No
1040TaxBiz Franchise
-
International Expansion
Tax Centers of America Franchise
No
1040TaxBiz Franchise
-

Company Overviews

About Tax Centers of America

Why Work for Someone Else? Own a Tax Centers of America Franchise

The decision to start your own business often leads to more questions rather than answers, especially for those completely new to entrepreneurship. What will the business plan be? How will I get start-up capital? Who will I need to hire? What should I pay them? How do I get people to buy my products or services? It may seem overwhelming to figure out on your own. That's why millions of people choose franchises to start their own business.
With franchising, all the major questions and most of the mistakes have been answered by someone else - the franchisor. As a Tax Centers of America franchisee, you automatically inherit the knowledge we've learned over our years in the tax preparation business. What's more, you'll be trained in how to use this knowledge to make your own decisions. It's this blend of independence and support that makes buying Tax Centers of America franchise such a desirable business opportunity.
Franchisees get to set their hours and run the day-to-day operations just like any other small business owner. The key difference is that franchisees enjoy the benefits of an established brand name, which assists you in building your customer base.The leverage of our brand name will increase your opportunity of success. In general, franchise businesses still operating after 1 year as compared to an independent business is 97% to 62%. After five years, the comparison is even more significant as 92% of franchised businesses are still operating, compared to 23% of independent businesses. After ten years. 90% of franchised businesses are still operating compared to 18% of independent businesses.Obviously, your effort will determine your success; however, the statistics tell the story. Your chance to reach your dreams and goals are dramatically increased through franchising, and we believe a Tax Centers of America franchise is the opportunity to attain your independence. Consider this: How many business customers are required to?
  • File a report on an annual basis
  • Pay a penalty if this report isn't filed
  • Receive cash back from filing this report
This sounds ridiculous, but as you know the April 15th deadline is real and most Americans receive a portion of the taxes paid during the year back in the form of a refund. Do you want to own a business that provides a service that returns CASH to your customers, is paid well for providing this service and has a full-time income for part-time work? If so, discuss the Tax Centers of America franchise opportunity with us and let's get started!!
All new offices receive the technology needed and the software required for tax season. Additionally, each new franchise will receive Accounting software and training to begin a bookkeeping business.Advertisement templates such as flyers, business cards, and coupons with your office location on them so everyone will know who and where you are.The support of experienced tax professionals and support staff.Extensive annual training to keep you up to date with current laws and software.

About 1040TaxBiz

Why should I own a 1040TaxBiz tax preparation business? We have been at this for 19 years and invented the business model of low cost tax offices. Every year someone tries to be like 1040TaxBiz. New companies start up every season trying to use our business model. They use our promotional ideas and our pricing. We stand alone in that we have an "A" rating with the BBB. Our marketing and promotion support is unique and powerful in its results. As an example: Our Family Dollar Program allows you to open a turnkey business this tax season. We give you everything you need - Location, Software, Bank Product, Marketing and Direct access to 15,000 to 30,000 potential tax clients every month, all in one package! Only 1040TaxBiz can put you in a Family Dollar location this tax season for as little as $2,899.00 for the peak season. DAS and DAS Premium Packages - Standalone direct compete! Serious entrepreneurs understand the importance that timing and cost, play in starting a successful business. If you have been waiting for the right time to start own business, then your wait is over. For a low start-up fee and a choice of options, you can open a complete tax office for the upcoming tax season. We will show you how once you have decided to invest in a business and have looked in the market of opportunities you will find that the tax preparation business is actually one of the best ones to provide rapid and steady growth. 20 reasons to join 1040TaxBiz 1. Earn $100/hour or more as an experienced pro 2. Over 19 years of tax experience 3. Reduce your own tax liability 4. Your skills will make you more marketable 5. Work 3 months of the year and make a great income 6. Have your summers and holidays free 7. Be more secure you control your own destiny 8. High Income potential 9. Minimal start-up cost 10. Get your tax business started quickly 11. No franchise fees or royalties 12. No accounting background or degree required 13. We teach you everything you need to know and do it faster than you think! 14. No need to reinvent the wheel we offer tax manuals on policies and procedures, tax preparation marketing, personnel and expansion 15. Fast ramp-up time 16. Additional revenue stream 17. We provide a variety of training options, online and personal 18. Have your tax business in a major retail location 19. Back office support year round for you and your clients 20. In-house IT and Software support We offer a business model that will fit your budget and your growth plan. Our entry level program costs as little as $249.00. Our year around standalone package is just $1,899.00 to start. Our business model is designed for someone who wants to start their own business but doesn't have the large upfront investment. Our model uses a shared revenue approach, for start-up businesses. We offer all the services you need to run and support your business. We operate and manage your back office; we support your marketing and train your staff. You spend "time" i.e., your sweat equity, in growing your business, and we share the revenues. Request information now to take advantage of the opportunity that we offer. IT works!