| Intro | | | | costs. Training includes a comprehensive instant tax |
| To understand Instant Tax Service we must go back | | | | service franchise training, year round support and both |
| to it's original beginnings. Fez Ogbazion, a young college | | | | local and national advertising cooperatives. |
| student from Ethiopia was looking for the American | | | | The initial training is a 5 and a half day training at the |
| Dream. He started by looking to fulfill a need in the | | | | company headquarters. |
| community, one that would help people with what they | | | | Franchise Costs |
| value most, their time. | | | | Instant Tax Service franchise has the typical costs |
| The need he saw was for a tax preparation service | | | | involved in franchising that includes an initial fee as well |
| that was local and not a stuffy boring place, rather one | | | | as on going royalty fees paid to the company. The |
| that was relaxing and family friendly. This concept | | | | initial fee is $34,000 and has a 5 year renewable |
| started as instant Refund Tax Service, until he was | | | | contract. |
| bought out by a competitor in 1999, which allowed him | | | | The ongoing royalty fee is 20%, this means if your |
| the capital to begin Instant Tax Service. The company | | | | business produces $10,000 in one month you would |
| began franchising in 2004 and today is the 4th largest | | | | pay $2000 back to the Instant Tax Service Franchise |
| tax preparation company in the country. | | | | company. This is a substantial fee and it comes off the |
| Franchise Benefits | | | | top line sales, which means you pay that 20% before |
| As with any franchise system the benefits of opening | | | | you pay your other expenses, thus even if you are |
| an Instant Tax Service Franchise includes the ability to | | | | operating in a net loss you will pay that fee to the |
| access the system that has already been developed. | | | | franchisor. |
| This allows for you to focus on building and growing | | | | The total estimated cost of the franchise is $39,000 - |
| your brand without the operational struggles of trying | | | | $89,000, which includes your fees, permits, leasehold |
| to fine tune your concept. | | | | improvements, equipment and other necessary items |
| Additional benefits include, national brand recognition, | | | | to open your business. As with any business you take |
| real estate partnerships allowing the franchisees to | | | | on high risk of failure, and with today's competitive |
| operate in smaller footprints, which reduces overhead | | | | market and uncertain economy this risk is substantial. |