Happy Tax

Professional Services Business-Related

Franchise Summary

Description

The franchise offered is for the operation of an income tax preparation business under the name Happy Tax® or Opportunity Tax. The Happy Tax branded franchised business is designed to initially be operated from a franchisee’s home or current business location as an add-on service but, with the franchisor’s permission, you may later operate from a Happy Tax branded storefront. The Happy Tax concept focuses on your use of a tablet to input and transmit customer tax return information to an affiliated CPA’s who prepare the tax returns. The Opportunity Tax branded franchised business is a traditional retail storefront income tax preparation franchise where onsite tax preparers, with the aid of third party tax preparation software, prepare customer tax returns.

Company Background

Happy Tax is a professional income tax preparation business. We are dedicated to providing excellent customer service and ensuring you receive the best possible outcome on your return, every time. We take pride in our work and if we make an error, we will fix it for free! Happy Tax has been recognized nationally as one of the top 100 places to work by Inc Magazine's Great Place To Work(R) program. Our mission statement is simple: "We believe that life can be better when taxes are done right."

Franchise Opportunity

Filing your taxes can be a daunting task, especially if you're not familiar with the process. The tax code is incredibly complex and it's easy to make mistakes that can lead to penalties and interest charges. Even if you use a tax preparer, it's important to know what's going on so you can be sure you're getting the best possible deal. Happy Tax is here to help. We offer expert income tax preparation services and our team of professionals will work with you every step of the way to make sure your return is filed correctly and on time. We also offer a wide range of additional services, including bookkeeping, payroll processing, and more.

Corporate Structure

Happy Tax Franchising, LLC is a Florida Limited Liability Company formed on December 13, 2014. Their principal business address is 350 Lincoln Road, Miami Beach, Florida 33139.

Investment and Franchisee Fees

The total investment necessary to begin operation of a Happy Tax branded business ranges from $27,900 – $33,000. This includes $25,000 which must be paid to the Franchisor or affiliate. The total investment necessary to begin operation of an Opportunity Tax branded business ranges from $46,900 – $64,000. This includes $30,000 which must be paid to the Franchisor or affiliate.

Royalties and Marketing Fees

Royalties : 10.0% - 20.0% of revenue

Royalties : 10000

Management Team

#	Name	Position

Happy Tax Franchise System Development in 2019

FAQ

How much investment do I need to start my own Happy Tax business?

Franchisees typically require at least $134,700 to $326,900 investment to get their Happy Tax business started

What are the initial franchise fees for Happy Tax?

Franchisees typically need to pay at least $130,000 in fees directly to Happy Tax in order to earn the right to launch their business

How much money can I make with a Happy Tax franchise? What are the average revenues for a typical Happy Tax business?

We haven’t done the math on how much revenue a typical Happy Tax brings in each year. We estimate that other franchisees in the Professional Services industry generate $932,459 revenue, so we would expect Happy Tax to generate a similar amount

How long do I need to commit to running a Happy Tax unit? What is my contractual commitment?

Happy Tax franchisees are typically required to sign up to a 5 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

10 /10

The Franchisor's investment costs ranges from $19,500 to $62,000 which is Much Lower than the $0 to $0 average in the Business-Related industry

What determines the investment cost?

Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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