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Tax
Centers of America
Tax Centers Of America (TCOA), as a tax
preparation and electronic filing service, is the best value
in the investment tax franchise business in America. Tax
Centers of America provides training and support by
experienced professionals in the tax industry with a proven
track record of success. Currently, approximately 50 million
U.S. tax returns were e-filed during this past tax season.
The IRS has mandated that number to increase to 80 million
by 2007.
TCOA franchises are positioned on the cutting edge
of the technology required and needed to successfully
capture a significant portion of this market. Our franchisees
are the marketing and operational arm of our organization.
Through our franchises and their relationship with
taxpayers, Tax Centers of America provides the back-end
support necessary for 'Same-day refunds', Refund
Anticipation Loans, Refund Transfers, Direct Deposits and
other methods to better serve our customer base. Tax Centers
of America is located in 20 states and has over 200 offices
processing tax returns and delivering refunds onsite.
BACKGROUND
FINANCIAL/TERMS
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Cash Investment: $15.5K
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Total Investment: $23K - $28K (1st year estimate)
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Minimum Net Worth: N/A
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Franchise Fee: $15.5K
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Royalty: $17.00 per paid return
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Ad: None
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Average Number Of Employees: 1-5
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Passive Ownership: Negotiable
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Financial Assistance Provided: No
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Site Selection Assistance: Yes
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Lease Negotiation Assistance: No
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Co-Operative Advertising: Periodically offered, but it
changes from year to year
Training: 4 day training onsite / detailed operations
manuals / benchmarked practices of successful franchises /
benchmarked effective marketing techniques / assigned
representative to follow-up and adequately prepare new
franchise for tax season / facilitated Customer Service
training provided weekly via conference call (4 weeks of 1
1/2 hour sessions -- materials included) / facilitated Sales
training provided weekly via conference call (8 weeks of two
hour sessions --materials included)
Other Support: franchise website with links to e-commerce
online filing and revenue opportunities / 15 & 30 second
prerecorded radio spots for advertising during tax season
provided / 5,000 demographically prepared mailing list +
bulk mail / preparation of required IRS documentation for
electronic filing / tax preparation software for 1st tax
season / accounting package for year-round bookkeeping
business with software training and support
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