Jackson Hewitt Tax Service logo

Jackson Hewitt Tax Service

Tax preparation
Investment
$96,050
Initial Franchise Fee
$50,000
Units
5,287
Growth Rate
-8%

Overview

Industry
Financial Services
Founded
1985
Franchising Since
1986
Parent Company
Jackson Hewitt Inc.
Leadership
Greg Macfarlane, CEO
# of Employees at HQ
444

Units and Growth Chart

About Jackson Hewitt Tax Service

Filing taxes can be, well, taxing, but with a Jackson Hewitt Tax Service franchise, you can provide your community with local and reliable tax services.

Jackson Hewitt Tax Service is one of the largest in-person tax service franchises in the U.S. It specializes in preparing computerized federal and state tax returns. Jackson Hewitt Tax Service has more than 5,000 locations, making it relatively convenient for clients to get assistance. Of those locations, more than 3,500 of them are operated by franchisees.

Why You May Want to Start a Jackson Hewitt Tax Service Franchise

Jackson Hewitt Tax Service offers its franchisees support ranging from field support to advertising to software. They also offer help site selection and much more. In short, you may be able to open your franchise business without the extra burden of ironing out the technicalities that come with starting a business.

Additionally, you do not need to have prior experience in the taxation field to run a Jackson Hewitt Tax Service franchise. All you need to have to open a franchise with the company is business experience and the funds necessary to cover the costs. Owing to the seasonal nature of tax seasons, you may be able to take up the franchise as a side business. The flexibility can allow you to dictate how to spend your time without compromising the health of your franchise.

What Might Make a Jackson Hewitt Tax Service Franchise a Good Choice?

To be part of the Jackson Hewitt Tax Service team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. Additionally, you should be prepared for ongoing fees that will include advertising fees and royalty fees. 

Every time you search online for 'tax advisors near me,' a Jackson Hewitt Tax Service franchise may  pop up. They owe part of their reputation to their highly accurate services, making your franchise viable for tax returns and repeat customers.

As a franchisee, you will be tasked with helping individuals and corporations analyze and file their taxes. You can choose to either do the work yourself or employ certified accountants. One Jackson Hewitt Tax Service franchise may operate in multiple locations, potentially allowing you to expand your reach.

How to Open a Jackson Hewitt Tax Service Franchise

Before making any financial commitment or signing a franchise agreement, you must perform your due diligence and establish if this is the right opportunity for you. Speak to existing franchisees and ask questions directed to the Jackson Hewitt Tax Service team. 

As you decide if opening a Jackson Hewitt Tax Service franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise location would do well in your community. If there are multiple other tax service businesses in your area, then you may want to reconsider your location of choice.

To get started with the process of opening a Jackson Hewitt Tax Service franchise, submit an inquiry form. If you are seen as a good fit, a franchise representative may reach out to you to begin the process. 

Investment Details

Initial Franchise Fee
$50,000
Initial Investment
$96,050 - $127,500
Net Worth Requirement
$100,000
Cash Requirement
Royalty Fee
3%-15%
Ad Royalty Fee
6.5%
Technology Fee
Varies
Term of Agreement
10 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
20% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
34 hours
Classroom Training
35 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
4-6
Are exclusive territories available?
Yes

Ranking History

Jackson Hewitt Tax Service performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022