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Below is an in-depth analysis and side-by-side comparison of TaxAssist Accountants vs The Tax Refund Store including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $200,000 - And Up | $42,000 - $50,000 |
Franchise Fee | $49,950 | $25,000 |
Royalty Fee | - | 12% |
Advertising Fee | - | - |
Year Founded | 1995 | - |
Year Franchised | 1996 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | - |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
TaxAssist Accountants have developed an innovative business model that allows our franchisees to focus on a lucrative market of potential clients.
The proven business model of TaxAssist Accountants is straightforward - take on hundreds of small business clients with relatively uncomplicated accounting, tax and advisory work while being based in visible, accessible and welcoming shop front premises.
By servicing the needs of small businesses, subcontractors and the self-employed, as a franchisee you can focus on a group of clients who have traditionally been neglected.
Concentrating on the needs of small business clients can offer time-management advantages and through our training and judicious use of our support functions, you can also provide first-class services to your client base.
The TaxAssist Accountants franchise model is based on very simple principles. By servicing the needs of small businesses, subcontractors and the self-employed, our franchisees can focus on a set of clients that have traditionally been neglected. Keeping to the smaller client can offer time-management advantages to the franchisee and through our training and judicious use of our support functions, the franchisees can also provide first class service to their client base. Our aim is to strengthen our network with franchisees that follow our business development strategies in order to build a sizeable accountancy practice. These strategies are based on best practice and powerful marketing techniques that can accelerate the growth of each franchisee's business. Initially, franchisees are likely to spend at least 50% of their time on business development activities, with the view to spending 100% of their time attracting new clients, managing customer relationships and leading a team of staff members - the goal is to work on the business rather than in it. With ten years experience behind us, we have actively evolved our support infrastructure to enable franchisees to build their businesses in a commercially dynamic way.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.