PRstore vs RetroTax Franchise Comparison

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

Start-Up Costs and Fees
 
PRstore Franchise
RetroTax Franchise
Investment $127,000 - $181,000$33,450 - $46,000
Franchise Fee $29,500 - $89,500$30,000
Royalty Fee 4.25%-
Advertising Fee --
Year Founded 2001-
Year Franchised 2002-
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements
 
PRstore Franchise
RetroTax Franchise
Experience
  • Industry experience
    		•  * Single-unit franchisees must live in proximity to the market area that they will service * Possess a minimum net worth of $150K, with $45K in liquidity * Strong interpersonal skills and/or sales experience at the C-level a strong plus

    Financing Options
     
    PRstore Franchise
    RetroTax Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    PRstore Franchise
    RetroTax Franchise
    Training -Initial Training consists of a combined 40 hours of classroom and in-field training. You'll learn the features and benefits of various tax credit programs, become familiar with our internal operations, and train with experienced field personnel.
    Support Newsletter, Meetings, Grand opening, Internet, Field operations/evaluationsOngoing Support is provided to all franchisees. Our primary goal is to help you build your client base and become better every day, as a successful RetroTax franchisee.
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations 75% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    PRstore Franchise
    RetroTax Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About PRstore

    Our franchise fee is $89,500 for PRstore RETAIL and $29,500 for PRstore OFFICE.

    RETAIL offers a retail store in an exclusive territory.

    OFFICE offers an office setting in a non-exclusive territory.

    About RetroTax

    Established in 1996, RetroTax® helps businesses navigate complex legislation associated with finding and securing federal and state tax credits. These tax credits can be based on geographic regions in which your business operates, or on the demographic characteristics of your employees. In addition to finding and acting upon current and retroactive program eligibility, RetroTax® helps businesses establish policies and practices to create greater opportunities for receiving additional tax credits in the future.
    RetroTax is a full service administrator of federal and state incentive programs. These programs generate federal and state income tax credits that offset federal and state income tax liability. RetroTax uses a state-of-the-art proprietary software program to process your company's information to obtain federal and state tax credits.