The franchise is the right to operate a business that offers tax preparation services and other financial andrelated products and services under the Jackson Hewitt Tax Service brand and system.
Company Background
Jackson Hewitt is a tax preparation company that offers professional, friendly service and the most competitive prices in the industry. They offer a range of services to help people prepare their tax returns including free consultations. Jackson Hewitt has been helping Americans with their taxes since 1955 and currently operates over 1,200 locations nationwide.
Franchise Opportunity
Tax season is a stressful time for many people. The process of filing your taxes can be confusing and overwhelming, especially if you're doing it on your own. Filing your taxes doesn't have to be a headache. Jackson Hewitt is here to help make the process easy and stress-free. We offer professional tax preparation services and a variety of other financial products and services to meet your needs. With Jackson Hewitt, you can rest assured that your taxes are in good hands. We have years of experience preparing taxes for individuals and businesses of all sizes. Plus, we offer convenient office hours and locations, as well as online and mobile tax preparation options. Contact us today to get started!
Corporate Structure
Jackson Hewitt, Inc. is a Virginia corporation incorporated on December 24, 1985. They and their wholly-owned subsidiary, Tax Services of America, Inc. do business under the name Jackson Hewitt Tax Service®. They have operated and offered franchises for Jackson Hewitt Tax Service businesses since 1986. Their principal business address is 10 Exchange Place, 27th Floor, Jersey City, New Jersey 07302.
Royalties and Marketing Fees
Royalties : 5.0% - 15.0% of revenue
Earnings Transparency
7 /10
This Franchise discloses slightly more 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
Financial Performance of "Standard Office" Units
Average Revenue Per Unit
Compared vs. Business-Related Industry
$167,930 / unit
Franchise Type: Standard Office
Average Revenue During 2021
$167,930
$24,112 Industry Low
$1,123,566 Industry High
Financial Performance of "Kios Office" Units
Average Revenue Per Unit
Compared vs. Business-Related Industry
$60,349 / unit
Franchise Type: Kios Office
Average Revenue During 2021
$60,349
$24,112 Industry Low
$1,123,566 Industry High
Franchisee Attrition
0 /10
This franchise's rate of attrition in 2023
of 11.54%
was
Slightly Higher
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
Franchise Types Available
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Type
Investment
Fees
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Jackson Hewitt Tax Service Franchisees
Jackson Hewitt Tax Service Franchise System Development in 2021
FAQ
How much investment do I need to start my own Jackson Hewitt Tax Service business?
Franchisees typically require at least
$42,500 to
$81,805 investment to get their
Jackson Hewitt Tax Service business started
What are the initial franchise fees for Jackson Hewitt Tax Service?
Franchisees typically need to pay at least
$10,200 in fees directly to
Jackson Hewitt Tax Service in order to earn the right to launch their business
How much money can I make with a Jackson Hewitt Tax Service franchise? What are
the average revenues for a typical Jackson Hewitt Tax Service business?
We estimate that the average revenue of an individual
Jackson Hewitt Tax Service unit is approximately
$167,930. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Jackson Hewitt Tax Service unit? What
is my contractual commitment?
Jackson Hewitt Tax Service franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
8 /10
The Franchisor's investment costs ranges from
$42,500 to $79,805
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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