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Instant Tax Service
Income tax preparation services
Fez Ogbazion saw a need in his community for fast, local tax preparation services when he opened his first income tax preparation business in 1994. After selling that company to a Fortune 500 firm, he founded Instant Tax Service in 2000 and began franchising in 2004. Today, the retail income tax preparation franchise specializes in professional tax preparation, expedited refunds, and refund anticipation loans. Franchisees work with clients over the phone, online, or in person at their locations.
Instant Tax Service
1 South Main Street
Dayton, OH 45402
888-870-1040
Fast Facts
| Year established | 2000 |
| Franchising since | 2004 |
| Can be run from home? | No |
| Number of employees needed | 3 |
| Item 19 Financial Performance Representation? | Yes |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| % of franchisees who own multiple units | 97% |
| Absentee ownership allowed? | Yes |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 536 | 0 | 0 |
Expanding in These Locations
Alabama, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin
Costs
| Total Investment | $39,000 - $89,000 |
| Franchise Fee | $34,000 |
| Royalty Fee | 20% |
Financial Requirements
| Net Worth | $25,000 |
| Liquid Capital | Varies |
Franchisee Qualifications
Franchisees must be motivated, hardworking, and entrepreneurial
Sales and small business experience
Financing
| Does franchisor offer financing? | Yes |
| Is franchisor on the SBA's Franchise Registry? | Yes |
| Is franchisor a member of the IFA's VetFran program? | Yes |
Financing Assistance
Veteran and minority incentives available
Instant Tax Service
1 South Main Street
Dayton, OH 45402
888-870-1040
