Econotax Franchise

Tax services


ECONOTAX is an association of tax professionals, who carefully prepare Federal and state tax returns for individuals, partnerships, corporations, fiduciaries, and other taxpayers. The Econotax system
produces high-quality returns which Econotax is proud to stand behind,
assisting clients on audits and helping them plan to achieve the lowest
tax possible. The success and stability of the Econotax system is
exemplified by the first franchise, established in 1968 in Picayune,
MS., which is still operating under the same owner.


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Please Note: The operators of Econotax, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Econotax website.

How much does it cost to open a Econotax Franchise?

The estimated investment required to open a Econotax Franchise is between $15,400-$33,000. There is an initial franchise fee of $10,000 which grants you the license to run a business under the Econotax name.

Individual Unit Costs

  • Initial Investment:
    $15,400-$33,000
  • Initial Franchise Fee:
    $10,000
  • Royalty Fee:
    12%
  • Advertising Fee:
  • Term of Agreement:
    5 years



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When did the first Econotax open? 1965
When did Econotax start Franchising? 1968
Expense In-House Third Party
Franchise Fee Yes No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Training
Continuing education seminars

Support
Meetings, Toll-free phone line, Internet

Marketing
Co-op advertising, Ad slicks, Regional advertising

50% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 3

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

Business Experience:

  • General business experience
  • Customer service experience, computer skills

  • Your income potential as a Econotax Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.

     
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    Legal Disclaimer: This information is not a franchise offering for Econotax and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing an Econotax franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.

    Econotax

    Econotax

    Econotax
    5846 Ridgewood Rd., #B-101, Box 13829
    Jackson, MS
    39236

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