Tax Centers of America vs Paramount Tax & Accounting Franchise Comparison

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

Start-Up Costs and Fees
	Tax Centers of America Franchise	Paramount Tax & Accounting Franchise
Investment	$20,300 - $63,550	$87,851 - $142,000
Franchise Fee	$20,000	$49,500
Royalty Fee	$30-55/return	8%
Advertising Fee	-	2%
Year Founded	1994	2008
Year Franchised	1997	2017
Term Of Agreement	10 years	-
Term Of Agreement	10 years	-
Renewal Fee	$1K	-
Business Experience Requirements
	Tax Centers of America Franchise	Paramount Tax & Accounting Franchise
Experience	-	There are a variety of candidates that can fit our “ideal.” Our accounting and bookkeeping franchise is a perfect opportunity for CPAs looking to start their own business, entrepreneurs with a small or mid-sized firm looking to get to the next level, accountants from the Big 4 seeking a new opportunity, or simply driven individuals who want job security and to be their own boss. Sound like you? Let’s talk.
Financing Options
	Tax Centers of America Franchise	Paramount Tax & Accounting 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	Paramount Tax & Accounting Franchise
Training	-	We take pride in our extensive training process that sets you up for success, no matter your level of experience. We fly potential franchisees out to headquarters to get a taste of the business model. Ready to get started? You’ll spend a week at our training school at HQ, a week with on-site training at a mentor’s store, and then time at your own store to get things up and running.
Support	Newsletter, Meetings, Toll-free phone line, Internet	We’re here to help with startup challenges like site selection, lease negotiation, purchasing, and other legal services you might need.
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	Paramount Tax & Accounting Franchise
US Expansion	Yes	Yes
Canada Expansion	No	-
International Expansion	No	-

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? 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!!

About Paramount Tax & Accounting