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Jackson Hewitt Tax Service
Quick, name the tax preparation service company for which Magic Johnson is a spokesperson. If you said Jackson Hewitt, you’re right. The company provides a business opportunity for Magic and for people looking to own a tax service franchise. Franchisees receive business training and support, including operations, professional tax, and advertising/marketing assistance. “We provide franchisees toll-free technical support, with extended hours during the tax season. Our Support Center also manages network, hardware and operating systems, performs printer troubleshooting for select equipment, and provides technical assistance with our financial product offerings,” according to the company. In addition, a franchisee Web portal is available 24 hours a day.
Fast Facts
| Year established | 1960 |
| Franchising since | 1986 |
| Can be run from home? | No |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | |
| Absentee ownership allowed? | Yes |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 4,816 | 0 | 1,105 |
| 2010 | 5,431 | 0 | 976 |
| 2009 | 5,610 | 0 | 974 |
Expanding in These Locations
| Total Investment | $25,246 - $89,385 |
| Franchise Fee | $5,000 - $25,000 |
| Royalty Fee | 15% |
| Net Worth | |
| Liquid Capital | $75,000 |
| Does franchisor offer financing? | No |
| Is franchisor on the SBA's Franchise Registry? | No |
| Is franchisor a member of the IFA's VetFran program? | No |
| Company Type: | Public |
| Employees: | 355 |
| Executives: | Margaret Milner, ChairmanHarry W. Buckley, President, CEO, and DirectorDaniel P. O'Brien, EVP, CFO, and Treasurer |
| Sales: | $248,300,000 |
| See More Financials | |
| Industries: | Accounting |
| See More Industries | |
| Top Competitors: | H&R BlockIntuitLiberty Tax Service |
