Franchise Article Author: The Franchise Guide
John Hewitt, founder of Jackson Hewitt Tax Service, acquired a tax company that had been franchising in Canada since 1973. The company changed its name to Liberty Tax Service and now offers franchises throughout the United States and Canada.
Liberty Tax Service is the fastest growing international tax franchise ever with over 1700 offices in Canada and the United States. Not only are there more taxpayers, but the number of taxpayers opting to pay is also on the rise At Liberty, the specialty is computerized tax preparation coupled with unparalleled customer service. The company’s proven operating system is lead and finely tuned by a leadership team whose tenure totals over 400 years in the tax industry. Approximately 61 percent of the 132 million taxpayers in the U.S. pay someone to prepare their tax return. That number increases every year due to the complexity of the tax code. This is a huge market to aim for and Liberty Tax Service aggressively pursues those potential customers. In 2006,it has 1500 US franchises and Canadian 250 franchises
Liberty Tax Service Founder and CEO John Hewitt remains an influential icon in the tax industry, nationally recognized as an entrepreneurial visionary with a blueprint for tax industry success. He has been recognized for four years as one of Accounting Today's 100 most influential people in the accounting industry, and was the 2003 Virginia recipient of the annual Ernst & Young Entrepreneur of the Year Award. Hewitt is carving out a niche in the tax industry by coupling unparalleled customer service with tax technology, and offering a tax franchise opportunity that is ranked by Entrepreneur for excellence, affordability, and solid growth. Entrepreneur magazine ranked Liberty Tax Service, the 15th franchise in their top Franchise 500 list and the 6th franchise on their list of Best Low-Cost Franchises and the 8th franchise on the list of Fastest Growing Franchise Opportunities. The mission statement of Liberty Tax Service is ‘Set the Standard. Improve Each Day. Have Some Fun’. Liberty is unlike any other tax service. Liberty Tax Service embraces cutting edge techniques such as the trend setting guerrilla marketing program.
The franchisees of Liberty Tax Service are given a proven operating system to work with. All of the years of experience have laid the foundation, but it does not stop there. If you have a positive attitude and a great outlook on life, you can be a perfect match to Liberty Tax Service. All you need is a cash investment of $28,500, total investment of $40,300 to $50,900 .You will have to pay a franchisee fee of $28,500.The royalty to be paid varies. Financing is allowed for those who qualify for franchising.
Liberty Tax Service provides training at various headquarters for one week, at franchisee’s location for 1 day and in various cities for 2 days. It also backs up the franchisee by ongoing support of newsletter, meetings, toll free phone line, security/safety procedures, field operations and evaluations. It provides its franchisees with good marketing support through national and regional advertising.
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