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Liberty Tax Service
Liberty Tax Service works hard to make tax preparation simple and enjoyable. Using the company’s proprietary computerized system, franchisees interview clients and prepare taxes. The company also recently launched online self-filing services. Company founder John Hewitt was a pioneer in computerized tax prep and previously founded Jackson Hewitt Tax Service before selling it in 1997. He launched Liberty Tax Preparation that same year. The company, which has locations throughout the U.S. and Canada, prides itself on customer service, creating a fun and welcoming atmosphere for clients. No background in the industry is needed, and because the business can be run seasonally, franchisees can even keep their day jobs if so desired.
2010 AllStar Rank: 2
2009 AllStar Rank: 18
Full Disclosure Award
This company gets a nod for disclosing financial performance representations in Item 19 of its Franchise Disclosure Document (FDD). For an explanation of why this is important, read The Importance of Item 19 in the Franchise Disclosure Document.
AllStar Franchise
Fast Facts
| Year established | 1997 |
| Franchising since | 1997 |
| Can be run from home? | No |
| Number of employees needed | 5 - 15 |
| 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 | 50 percent+ |
| Absentee ownership allowed? | Yes |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2012 | 3,895 | 259 | 50 |
| 2011 | 3,545 | 253 | 47 |
| 2010 | 3,117 | 226 | 88 |
Expanding in These Locations
| Total Investment | $56,800 - $69,900 |
| Franchise Fee | $40,000 |
| Royalty Fee | Varies |
| Net Worth | No minimum requirement |
| Liquid Capital | No minimum requirement |
| 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 |
AllStar Franchise
| Company Type: | Private |
| Employees: | 280 |
| Executives: | John T. Hewitt, Chairman, CEO and PresidentMark Baumgartner, CFOCharles E. Kirkpatrick, CIO |
| Sales: | $876,000,000 |
| Industries: | Accounting |
| See More Industries | |
| Top Competitors: | H&R BlockIntuitJackson Hewitt |
AllStar Franchise
