LIBERTY TAX SERVICE Franchising Information & Startup Cost
Do you know about Liberty Tax Service franchise? Are you interested in becoming a Liberty Tax Service franchisee? Do you want to know more about Liberty Tax Service Franchise? If your answer to all these question is positive, then you are on the right page.
Here, I will be discussing about Liberty Tax Service franchise and all important details that needs to be known about the franchise. I will be talking about the history of Liberty Tax Service franchise, its start up cost, financial requirements, ongoing fees (if available), veteran incentives (if available), financing options, training and support, how to become one of its franchisees and so on.
GUIDE: EXPRESS TAX FRANCHISE
ABOUT LIBERTY TAX SERVICE FRANCHISE
Liberty tax service franchise is a retail tax preparation company and is one of the fastest growing tax companies in its industry. It was founded in 1997 by John Hewitt, the founder of Jackson Hewitt Tax Service. The company is quite popular for the low start up cost franchise system it’s operating and it is also one of the best franchises.
It has been ranked the top franchise and best since 1998. The company is popularly known for the following accolades: franchisee choice winner in April 2018, top tax firm and entrepreneur top new franchises in March 2018, and entrepreneur franchise 500 in January, 2018 to mention few out of all awards that have been given to Liberty Tax Service Franchise.
Liberty Tax Service has a brand which is the iconic statue of liberty wavers. The franchise is currently looking for franchisees to work well with their experienced CEO to accomplish the company’s goals. The business is a successful one due to its commitment to the community and the excellent customer service. The company has more than 3,000 units in the U.S offices.
The CEO has been in the tax business for nearly fifty (50) years being the founder of two out of the three best and largest tax preparation franchise. He even invented a software for the tax preparation industry.
LIBERTY TAX SERVICE FRANCHISE FINANCIAL REQUIREMENTS
It is important and expected to prepare yourself financially when joining a franchise and the only way by which you can prepare yourself is to know the finance required of all franchisees and work towards it, that is, you cannot prepare for what you do not know. The financial requirements for this franchise is a s follows:
- Initial franchise fee: $40,000
- Investment ranges between $58,700 to $71,900
- Liquid Capital: $50,000 which is the same as the net worth requirement.
LIBERTY TAX SERVICE FRANCHISE FINANCING OPTIONS
Liberty Tax Service franchise gives the financing option of a in house financing which covers the franchise fee, start up costs, inventory, equipment, payroll and accounts receivable.
LIBERTY TAX SERVICE FRANCHISE ONGOING FEE
The franchise gives 14% as the ongoing royalty fee while the ad fund varies.
LIBERTY TAX SERVICE FRANCHISE TRAINING AND SUPPORT
The franchise is ready at all times to provide training and support to their franchisees most especially those who do not have tax experience. The company gives them training that is required for them to succeed.
The first training provided to franchisees is a one-week intensive course, after which continuous training in sales, marketing, and tax preparation is given to them. There is also an ongoing support given to franchisees through toll free line, grand openings, meetings, newsletters, security and so on.
LIBERTY TAX SERVICE FRANCHISEE REQUIREMENTS
The franchise does not expect much from its franchisees; all it wants are franchisees with good entrepreneurial spirit, passion for the business, fulfilling spirit and so. Generally, it is expected of franchisees even employees to be hardworking, honest, diligent and confident so I guess this should also apply to Liberty Tax Service franchisees.
WHY LIBERTY TAX SERVICE FRANCHISE?
This is a question that pops up in everyone’s’ mind that why does it have to be this franchise. I will list out some major points to answer this question which are:
- It is a franchise system that helps franchisees to thrive and bring out the best in them.
- It is a franchise that gives business ownership and financial freedom to franchisees.
- The franchise has the most experienced person in the industry as their CEO.
- The franchise is a reliable and profitable one due to the fact that taxes are part of our lives, it cannot be scrapped.
- The franchise has competitive advantage over others in the industry due to its iconic brand power and continuous training and support given to franchisees.
HOW DO I JOIN LIBERTY TAX SERVICE FRANCHISE?
After going through the details given above about Liberty Tax Service Franchise, you might feel and decide that it is the best choice for you to pick and might be wondering about how to join the franchise system.
You can easily join by going to their website www.libertytaxservice.com and fill the form provided on the website where you will be asked for your contact details, address, country, occupation, the reason why you are interested in Liberty Tax Service franchise and so on.
The website is user friendly so I don’t think it will be difficult for anyone to join after visiting the website.