Liberty Tax Service
Description:
Liberty Tax Service is the fastest growing international tax preparation company, and the second largest international tax franchise company in the world.
Opportunities:
Franchise opportunities available throughout the US and Canada.
Business Type:
Franchise.
Minimum Investment:
$53,800.
Training Provided:
Yes.
Why Liberty Tax?
May 1, 2007
Buying a Liberty Tax franchise really means buying into a lifestyle and a culture that value hard work and having fun; being empowered and calling the shots; being a leader in a fast-growing company. Liberty Tax Service is setting unprecedented industry records for growth, backed by solid performance.
Starting a new business is exciting. Liberty Tax Service understands because we've been there. The corporate team, area developers and franchisees are accessible and down-to-earth. We're confident in Liberty Tax - the vision as well as the system. We're here to answer any question you have about acquiring a Liberty Tax franchise. At Liberty Tax you will be part of a supportive network and a culture that is more than a business—it's a family.
There are several reasons why Liberty Tax is a great business opportunity!
Growth potential
In 1981, less than 35%, or 18 million people, paid a preparer. Out of the estimated 132 million returns to be filed this year about 61%, or 80 million filers, will pay a preparer. That's an increase of 62 million customers. The fact is that the number of people who pay a preparer continues to grow.
Industry that is just now consolidating
We've all seen the consolidation of the mom-and-pop hardware stores and pharmacies. Liberty Tax Service is leading the consolidation of the highly fragmented retail tax preparation industry.
Recession proof industry
Benjamin Franklin stated there are two certainties in life, “Death and Taxes”. Filing an income tax return is a certainty. Add to that the certainty of change. Consider the fact that in May of 2003 President Bush signed into law a $350 billion dollar tax cut package that ensures 10 years of changes in the tax law. There have been 36 consecutive years of tax changes. It changes every year, and that's good news for the tax preparation industry.
An established company with experienced management and a proven concept
John Hewitt, CEO and founder of Liberty Tax Service, has 37 years of experience in the income tax industry. He began his career at H&R Block as a regional director of 250 offices. In 1982, he went on to found Jackson Hewitt Tax Service, a company that still bears his name. Jackson Hewitt was sold for $483 million in 1997. Now Hewitt has established Liberty Tax Service as the fastest growing retail tax preparation firm EVER! In February 2006, the International Franchise Association (IFA) named him “Entrepreneur of the Year”. This annual honor is presented to “an individual currently building a successful business venture, who exemplifies the entrepreneurial spirit that franchising represents.”
Hewitt holds the distinction of being the only CEO and founder to be listed twice in the top 30 companies in Entrepreneur magazine.
A service-based operation
In the tax preparation industry, there is no inventory and as a result no headaches or worries about inventory loss.
Affordable investment
The cost of starting a Liberty franchise is significantly less than most franchises. It is an affordable franchise opportunity at less than $60,000 (including the franchise fee required for start-up, start-up costs and comprehensive training).
Low operating costs and high return
Liberty Tax offices are designed to run efficiently. Liberty's support and planning tools keep operating costs low for you. And a seasonal workforce keeps overhead lower than almost any other industry.
It's fun!
Being passionate about the business is a central theme in owning a Liberty Tax franchise. Buying a Liberty franchise really means buying into a lifestyle and a culture that value hard work and having fun; being empowered and calling the shots; being a leader in a fast-growing company. The passion at Liberty Tax Service is contagious!
Now is the time to take control of your future. Liberty Tax Service is setting unprecedented industry records for growth, backed by solid performance. In raw number of tax returns, we've beaten H&R Block for the 1998-2004 period in BOTH the U.S. and Canada. Our total number of returns prepared increased over 60% from tax season 2003. Our same stores’ sales were up by 25%. This is a company on the move and we'd like you to consider becoming part of our future.
