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Updated RecentlyH & R Block vs Listo Tax Solutions Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of H & R Block vs Listo Tax Solutions including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $31,501 - $149,398 | $55,200 - $92,200 |
| Franchise Fee | $2,500 | $30,000 |
| Royalty Fee | 30% | 11.5% |
| Advertising Fee | No Advertising Fees | - |
| Year Founded | 1955 | 1996 |
| Year Franchised | 1958 | 2009 |
| Term Of Agreement | - | 10 years |
| Term Of Agreement | - | 10 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | Yes/- | -/- |
| Equipment | Yes/- | -/- |
| Inventory | Yes/- | -/- |
| Receivables | Yes/- | -/- |
| Payroll | Yes/- | -/- |
Training & Support |
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| Training | On-The-Job Training: Up to 300 hours Classroom Training: 36 hours Additional Training: Regional training, year-round; ongoing online training | Available at headquarters: 5 days. |
| 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 | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | - | *33% of all franchisees own more than one unit. *Number of employees needed to run franchised unit: 3. *Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators). |
Expansion Plans |
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| US Expansion | Yes | 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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#297 in Franchise 500 for 2021.
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#86 on Franchise Rankings.com
About Listo Tax Solutions
Interested in business ownership? Financial security? Year round
income? Multiple revenue streams? A long term business? Or maybe
passive ownership? If so, the Listo Tax Solutions Franchise Opportunity
could be right for you.
Listo Tax Solutions is a company that securely and accurately prepares customers taxes. Listo Tax Solutions is committed to getting its customers a maximum tax refund or, failing that, a minimum amount of taxes owed to the government. The company vows to go over all refund and payment choices with its clients while weighing the pros and cons, with the final decision up to the client him or herself. Beyond tax preparation, Listo Tax Solutions also provides accounting, payroll, and even some translation services. Over everything, Listo Tax Solutions stresses the privacy it provides to customers. While other tax prep businesses have several clients sharing information in a single room, this system leads people vulnerable to fraud and identity theft.
To find out more about becoming a Listo Tax Solutions franchisee, find them at www.listotax.com/