H & R Block vs The Tax Refund Store Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of H & R Block vs The Tax Refund Store including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
H & R Block Franchise
The Tax Refund Store Franchise
Investment $31,501 - $149,398$42,000 - $50,000
Franchise Fee $2,500$25,000
Royalty Fee 30%12%
Advertising Fee No Advertising Fees-
Year Founded 1955-
Year Franchised 1958-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
H & R Block Franchise
The Tax Refund Store Franchise
Experience --

Financing Options
 
H & R Block Franchise
The Tax Refund Store Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs Yes/--/-
Equipment Yes/--/-
Inventory Yes/--/-
Receivables Yes/--/-
Payroll Yes/--/-

Training & Support
 
H & R Block Franchise
The Tax Refund Store Franchise
Training On-The-Job Training: Up to 300 hours Classroom Training: 36 hours Additional Training: Regional training, year-round; ongoing online training -
Support Purchasing 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 Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
Operations --

Expansion Plans
 
H & R Block Franchise
The Tax Refund Store Franchise
US Expansion Yes-
Canada Expansion --
International Expansion Yes-

Company Overviews

About H & R Block

H&R Block is one of the world's largest tax services providers. H&R Block has prepared more than 550 million tax returns worldwide since 1955 and they have more than 100,000 trained tax professionals . The company was founded in 1955 by Brothers Henry W. Bloch and Richard A. Bloch who then grew the business to become a brand and franchising icon. As well as providing in-person tax return preparation services, H&R Block also provides At Home online services and through desktop software products, and through other channels, the company also offers financial products to support its tax business through the H&R Block Bank. The bank offers traditional and alternative banking solutions to H&R Block tax clients and associates and serves customers online, via phone and at a branch location at H&R Block world headquarters in Kansas City, Montana. When you become an H&R Block franchisee, you have more than 55 years of experience standing behind you. In addition to pioneering the tax services industry, H&R Block was also one of the first companies in the nation to implement the concept of franchising. In other words, no one knows the tax industry like H&R Block, and no competitor can offer a better franchise opportunity. So you can rest assured that our long history with the franchise business model will work to your advantage. We'll supply the tools you need to help you effectively beat the competition and to help you ensure your franchise's success.

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About The Tax Refund Store

NO LONGER FRANCHISING

Cut down charges. More noteworthy check. Set up in 1996 as CD Brown Tax Service, we are by and by allowing foundations. The Tax Refund Store invests critical energy in retail charge preparation and electronic evaluation reporting, obliging low to focus wage residents. Things and organization offerings fuse appraisal prep (genuinely data area), minute charge markdown credits, taking after day force rebate advances, and 10 to 14 day survey rebates. No evaluation experience is required to have this business, as we offer full get ready in every time of the business. Distinctive points of interest of owning a The Tax Refund Store foundation are: High-wage potential. A create office can would like to prepare 600 to 1,000 government frames. The ordinary cost shape will get $200 charges. Creating, withdraw safe industry. Despite the state of the economy, one must record charges. Over 65% of all subjects use a paid evaluation master to complete their obligations, and the business is creating by 8% a year. Further, over 77% of all obligation filers get a rebate. Standard, clear operation. You simply work around 4 months a year (January first - April fifteenth), approving the other 8 months to look for after your changed focal points. Also, the operation is to a great degree essential, from the effortlessness of offering the obligation organizations to the equipment. You simply require basic obligation realizing, which we will demonstrate you. By far most of your clients will have to a great degree major, uncommonly direct obligation conditions. Low-overhead operation. All you need is a little office (700 to 1,000 sq. feet) and some crucial office equip. The operation can be continue running with just 2 to 3 people. You can expect your yearly total overhead to be in the range of $20,000 to $25,000. Eminent advancing backing. The foundation of our exhibiting is our business name and smart witticism. Our creator, Calvin Brown, is a publicizing expert. When you transform into our business accessory, he will demonstrate every one of you of the strategies that he's used during the time to get and hold clients. Basically, we will give you showed advancing system. Take after our heading and you can't crash and burn. Given, excited specialist. We will most likely develop our picture the country over. Mr. Chestnut is greatly dedicated and fiery about this cause. The fundamental way we can be powerful is whether we help you to twist up particularly productive. When you transform into a franchisee, we will work with you at all circumstances your thriving.