Rank no.481 – Tax Centers of America – US
Products & Services: Tax preparation, electronic filing
Number of Locations: 92
Total Investment: $20.29K – 63.54K
Began Franchising: 1997
About Tax Centers of America
The first Tax Centers of America (TCOA) office opened in Russellville, Arkansas, and the company is still headquartered there today. The business started out offering electronic tax filing services, but within a couple of years had expanded to training others to open their own electronic filing businesses and acting as a service center for tax offices. Franchising officially began in 1997.
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South, South Carolina, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, West, West Virginia, Wyoming.
Startup Costs, Ongoing Fees and Financing
Total Investment: $20,300 – $63,550
Franchise Fee: $10,000 – $35,000
Ongoing Royalty Fee: $30-55/return
Term of Franchise Agreement: 10 years, renewable
Liquid Cash Available: $30,000
24% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators).
How This Franchise Supports Franchisees
Training: Available at headquarters: 4 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet
Marketing Support: Ad slicks, Regional advertising,
Other marketing support: Commercial broadcast production
Franchise Ranking History
Franchise 500®: #481 (2013), #167 (2012), #187 (2011), #283 (2010), #361 (2009),
Fastest-Growing: #51 (2012), #41 (2011),
Low-Cost: #92 (2013), #25 (2012), #38 (2011), #69 (2010), #83 (2009),
The #1 Reason to Choose Tax Centers of America?
Tax Centers of America (TCOA) is a tax franchise-based corporation specializing in income tax preparation, online and electronic tax filing for taxpayers who want their refund fast! It is the same service offered by other companies such as H & R Block, Jackson-Hewitt, and others.
Reasons to join us.
The Best Value in a Tax Franchise Return System? You Decide.
We Understand Better.
Tax Centers of America (TCOA) began as one small office in Russellville, Arkansas. In 1992, the doors were opened to prepare and electronically file tax returns for individuals and their families. Since that time, TCOA has continued to broaden into an ever increasing comprehensive and flexible company.
The year following our grand opening, TCOA developed a selling and training plan. We searched out and found what we believed to be the best tax preparation software in the industry. Then we started classes, and training individuals to effectively open and start their own business.
Then 1994 brought an expanded mission. Not only did we prepare and electronically file tax returns and sell programs, we became a service center for tax offices. The service center functioned as a central point to gather information, answer questions and file taxes electronically. The first year, TCOA serviced tax offices in three states.
The success we had in providing services for the owner/operator business gave us the idea to provide a single identity to our business. So the following year, 1995, brought a new, bolder strategy for TCOA. TCOA started developing a franchise system that allows individuals the chance to become involved in a new, growing company.
In 1996, we began selling franchises, and during the 1997 tax year, Tax Centers of America had 33 franchises in addition to 12 company owned locations.
Today Tax Centers of America has over 200 offices in twenty-one states!
At Tax Centers of America (TCOA) we consider our franchises, satellites and individual taxpayers as partners in our success.
TCOA strives to achieve excellence in meeting and exceeding our partner expectations through “fanatical" customer service and in providing information and services in a highly professional and timely manner. We operate our business with the shared belief that through “fanatical" customer service we create value for all.