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Instant Tax Service Franchise Cost & Fees

Date Incorporation: 2004

Franchising Since:  2004

Headquarters: Ohio

Description: An Instant Tax Service business is a retail tax preparation and electronic tax return filing business.

Franchise Offer: The franchise on offer is the opportunity to operate a franchised Instant Tax Service office. The franchise typically employs between 1 and 10 individuals and operates in a facility with between 800 and 1200 square feet of interior space.

Financial Assistance: The franchisor may provide financing of up to the full amount of the initial franchise fee for qualified franchisees. They also offer bridge loans to qualified franchisees in an effort to provide the necessary capital to operate the Instant Tax Service franchise. Other than the financing of the initial franchisee fee and the bridge loan program, the franchisor does not offer directly or indirectly, any other financing arrangement to the franchisees.

Training and Assistance: The franchisor will provide all franchisee owners, and one key employee (up to four individuals in total), with initial training. The initial training program currently takes place at the home office in Dayton, Ohio. It consists of 40 hours of classroom training.

Territory: The franchisor will be granted an exclusive territory. The territory will contain a total population of at least 21,000 individuals.

Term of Agreement and Renewal: The length of the franchise term is 10 years, with an option for renew for up to two successive 10-year terms.

Obligations and Restrictions: The franchisee will have responsibility for the operation of the Instant Tax Service franchise but will not have any obligation to participate in its actual operation. An on-premises manager, who has successfully completed the training program, must supervise the business.

Total Number of franchises Units: Over 1,200 locations in 39 states.

Investment Tables:

Initial Investment:

Expenditures    Low   High
 Franchise Fee    $14,000  $34,000
 Lease Deposits   $1,000   $3,000
 Rent   $2,000   $6,000
 Leasehold Improvements    $3,000  $10,000
 Furniture, Fixtures, and Equipment    $3,000  $6,000
 Computer/Software   $2,000   $4,000
 Signage   $1,000   $4,000
 Initial Advertising   $1,000   $6,000
 Miscellaneous Opening Costs   $4,000   $7,000
 Additional Funds   $6,000   $9,000
 Total   $39,000   $89,000


Ongoing fees:

 Name of Fee   Amount
 Royalty Fee   20% of annual Gross Sales
 Transfer Fee   25% of Then-Current Initial Franchise Fee
Advertising    Cooperative Contributions Variable
 Audit Fee   Cost of Audit
 Late Charge   1.5% per Month
 Expense Reimbursement  Actual Cost 
 Renewal Fee   25% of Then-Current Initial Franchise Fee
 Legal Fees   Variable
 Technology Fee   Ranges from $20-$100 per Month.
 Indemnification   Variable


Date of FDD: 2008


The above information has been taken from the UFOC/FDD and online sources of Instant Tax Service
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