Instant Tax Service was the mind child of Fez Ogbazion around 2000. Ogbazion began his first tax business, Instant Refund Tax Service, like a university student from Ethiopia in 1994. It increased to possess a large number of locations and countless clients before he offered the company to Jackson Hewitt in 1999. Using the proceeds of the purchase, Ogbazion gone to live in Dayton, Ohio and founded Instant Tax Service. By 2004, he’d over 100 offices in a number of states and started franchising. They presently have over 1,200 US franchise locations focusing on professional tax preparation, expedited refunds, and loans for anticipated refund loans. They provide the benefit of either local or online filing options. They’re still headquartered in Dayton, Ohio and therefore are seeking new franchise locations nationwide.
Instant Tax Service franchises can be found exclusive territories. This reduces any potential competition between franchises but additionally limits the dog owner to some specific region. According to where you are, you should decide if this sounds like a negative or positive situation. Start-up costs will be different based on the price of obtaining (purchase or lease) commercial work place. The estimate on costs is roughly $40,000 to $90,000, with a franchise fee of $34,000. There’s a continuing royalty fee of 20%, which could place a healthy dent to your main point here so make certain to provide this proper consideration. The first agreement term is five years and it is renewable in the finish from the term. In-house financing from the start-up costs and devices are available and there’s the absolute minimum internet worth dependence on $10,000. You don’t need to possess tax preparation experience.
Most Instant Tax Service franchises are owner-operated but it’s not needed. Most franchisees own several location. Training and support is provided through the parent company, out of the box co-op and regional advertising. More details could be acquired by contacting the organization headquarters.