What is the average salary of Liberty Tax Service Franchise Owner? Liberty Tax Service Franchise Owners earn $44,000 annually, or $21 per hour, which is 31% lower than the national average for all Franchise Owners at $60,000 annually and 40% lower than the national salary average for all working Americans.
Full Answer
Are tax franchises profitable?
99 percent of all independent enterprises in the country are small businesses. New small companies appear every day and many of them require help with tax preparation and other financial services. Which means that Tax & Financial Franchise Businesses in the USA are profitable.
How much do Jackson Hewitt franchise owners make?
Average Jackson Hewitt Store Owner yearly pay in the United States is approximately $100,000, which is 32% above the national average.
How many franchises does Liberty Tax have?
2,500 franchiseesWith over 2,500 franchisees and growing, find out why entrepreneurs like you are joining Liberty Tax.
How much does H&R Block franchise make a year?
$140,447. The estimated total pay for a Franchise Owner at H&R Block is $140,447 per year.
Is H&R Block a franchise?
Franchise Description: H&R Block Tax Services LLC is the franchisor. Franchisees operate a tax return preparation business and may have the right to offer bookkeeping, payroll services, and training. One franchise opportunity is to open a new retail office located within a defined franchise territory.
Who is the CEO of Liberty Tax?
Brian Randall Kahn (Oct 2, 2019–)Franchise Group / CEO
How many Liberty Tax locations are there?
Liberty Tax has 2,700+ retail branches and 12,000+ tax professionals across the United States and Canada.
How much is an Atax franchise?
Financial Information:Franchise Fee:$40,000Total Investment:$40,000 - $80,000Royalty Fee:The higher of 14% of gross revenues or $5,000 in year one; the higher of 14% of gross revenue or $7,500 in year 2; the higher of 14% of gross revenuesAdvertising Fee:3% of gross volume
Who bought Liberty Tax?
NextPoint FinancialIn 2021 it was purchased by and became a subsidiary of NextPoint Financial. The same year it was combined with LoanMe, a personal and small business loan company based in California.
Who does franchise group own?
Franchise Group's business lines include Pet Supplies Plus, American Freight, The Vitamin Shoppe, Badcock Home Furniture & more, Buddy's Home Furnishings and Sylvan Learning.
What is the salary for Franchise Owner at Liberty Tax Service?
The salary for Franchise Owner at Liberty Tax Service is $67,000 annually.
How much does Liberty Tax make?
Liberty Tax Service Franchise Owners earn $44,000 annually, or $21 per hour, which is 31% lower than the national average for all Franchise Owners at $60,000 annually and 40% lower than the national salary average for all working Americans. The highest paid Franchise Owners work for Dunkin' Donuts at $124,000 annually and the lowest paid Franchise Owners work for Bonus Building Care at $23,000 annually.
How much does it cost to franchise a Liberty tax service?
Franchisees can expect to make a total investment of $43,700 - $78,900. Liberty Tax Service charges a franchise fee of $40,000.
What is Liberty Tax?
Liberty Tax ® Franchise is an award-winning tax preparation business, backed by solid growth and visionary leadership. Since 1997, we’ve opened more than 4,000 offices by keeping our focus on the future and expanding small business opportunities for our franchisees. By joining Liberty Tax, you'll benefit from our unique advantages: 1 Industry Leading Marketing 2 World Class Support 3 Flexible Ownership Options 4 Proven Leadership
What is Liberty Tax Service?
Liberty Tax Service is the brand with the iconic Statue of Liberty Wavers. When Americans see us, they know it’s tax time. We’ve got one of the most experienced teams in the tax business, and we’re looking for franchisees who want to work with us to capitalize on the $11 billion tax preparation services market.*
Is Liberty Tax a franchise?
There are many players in the tax preparation industry, but no one matches Liberty Tax when it comes to experience and knowledge. We have hands on leaders who always make time for franchisees and help them build their businesses. When you add in Liberty’s training and support, you understand why Liberty Tax is one of Entrepreneur magazine’s Top 500 franchises; a Bond’s Top 100 Franchises, and the No. 1 non-food multi-unit brand for Multi-Unit Franchisee magazine.
How to contact libtax?
Call 1-877-285-4237 or email us at [email protected] to get more information.
How many people are in a small market territory?
The population density in a territory will typically cover an area of less than 10,000 people. A Small Market Territory cannot be within 25 miles of a city with a population of 200,000 or more and cannot be within 60 miles of a city with a population of 600,000 or more.
Is Liberty Tax approved by SBA?
Liberty Tax ® has also been approved by the Franchise Registry program, which enables SBA loan applications to be processed more quickly.
Background
Tax franchise opportunities at Liberty Tax Service are built on unmatched customer service, extraordinary franchisee support and a small business opportunity created by the "Granddaddy of Taxes." Liberty is America's Tax Service offering computerized tax preparation and accounting business opportunities at every office. A veteran of 46 tax seasons, CEO John Hewitt has built the fastest growing tax service in all the land, sold it, and is currently doing it all over again with Liberty Tax.
Support and Training Offered By Liberty Tax Service
Financial Assistance Provided: Yes Site Selection Assistance: Yes Lease Negotiation Assistance: Yes Recruiting Assistance: Yes Co-Operative Advertising: Yes
Franchises Similar to Liberty Tax Service
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
Stressful
Stressful job experience. Very cutthroat industry with limited growth opportunities. Hard to have a good work life balance and many long hours were required.
How much should you be earning?
Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options.
How much does a Store Owner make at Liberty Tax Service in the United States?
Average Liberty Tax Service Store Owner yearly pay in the United States is approximately $100,060, which is 29% above the national average.
