Franchising Status
Email Address
Phone Number
Unit Location
Email Address
Phone Number
2/10

Franchimp Summary Rating

1 /10
Lower than 99% of peers
4 /10
Higher than 61% of peers

Franchise Summary

Description
As a franchisee, you will operate a tax return preparation business and may have the right to offer bookkeeping and payroll services.
Company Background
H&R Block is the world's leading tax services company, offering expertise in professional tax preparation and planning. H&R Block has prepared more than 700 million returns around the world since 1955. We are always at your service with a welcoming smile to help you get what you deserve from life - peace of mind that comes from knowing your taxes are done right. We're there for our clients when they need us most - even before they know it themselves. And if someone should have any questions about their return, we offer free access to knowledgeable CPAs through our offices or online at www.hrblocklivehelp.com 24 hours a day, 7 days a week
Franchise Opportunity
Tax time is stressful and confusing. When most people are filing their taxes, they have to call the IRS for help or wait in line at a tax office. And even then, you still might not get all the deductions that you deserve because it's hard to know what qualifies as a deduction. That's why H&R Block offers professional tax preparation services from more than 10,000 offices across the country. We can guide you through each step of your return so that you get every deduction and credit available to reduce your taxable income and save money when preparing your personal income tax returns. You'll also enjoy our 100% Accuracy Guarantee on all federal products we prepare for customers with simple tax situations (1040EZ/1040A). If there is an error on any federal product we prepared for you this year, we will pay any additional related penalties and interest.* Our franchisees operate small businesses in communities across
Corporate Structure
H&R Block Tax Services LLC, a Missouri limited liability company, is the franchisor in all states in which Franchises are granted. All business is conducted under the name of H&R Block. They maintain their principal place of business at One H&R Block Way, Kansas City, Missouri 64105. Since July 1,2008, they have offered franchises for establishment of offices which offer to the general public income tax return preparation, related services and income tax return preparation training courses conducted for a fee. They also own and operate such businesses.
Investment and Franchisee Fees
The total investment necessary to begin operation of an H&R Block tax preparation business in a new territory is $31,505 to $148,700; however, for offers that include the purchase of a former company-owned outlet(s) the total investment will vary depending on the value of the particular outlet(s) purchased. This includes an initial franchise deposit for each H&R Block franchise of $2,500 that must be paid to the franchisor.

Earnings Transparency

1 /10
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Franchisee Attrition

1 /10
This franchise's rate of attrition in 2023 of 8.67% was Slightly Lower than the 10% in the Business-Related industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Employee Contact Database

# Name Position Phone Number Email Address

Franchise Disclosure Documents

FDD Effective Date

Distribution of H&R Block Franchisees

H&R Block Franchise System Development in 2021

FAQ

How much investment do I need to start my own H&R Block business?
Franchisees typically require at least $31,557 to $149,398 investment to get their H&R Block business started
What are the initial franchise fees for H&R Block?
Franchisees typically need to pay at least $12,647 in fees directly to H&R Block in order to earn the right to launch their business
How much money can I make with a H&R Block franchise? What are the average revenues for a typical H&R Block business?
We haven’t done the math on how much revenue a typical H&R Block brings in each year. We estimate that other franchisees in the Professional Services industry generate $0 revenue, so we would expect H&R Block to generate a similar amount
How long do I need to commit to running a H&R Block unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

4 /10
The Franchisor's investment costs ranges from $57,530 to $163,220 which is Much Lower than the $145,993 to $415,004 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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