Tax Tiger Franchise Review

Franchise Opportunity Facts

Tax Tiger operates a business that provides tax resolution services and tax return preparation for individuals and businesses.

What is the upfront investment costs to own a Tax Tiger franchise?

Tax Tiger has a franchise fee of up to $50,000, with a total upfront investment range of $183,250 to $650,500.

• Initial Franchise Fee: $50,000
• Total Investment: $183,250 to $650,500
• Working Capital: $30,000 to $70,000
• Royalty Fee: 6.0%

The initial cost of any franchise includes many fees. Explore this investment opportunity to better understand the initial costs required to purchase a Tax Tiger, such as territory fees, real estate costs, pre-opening advertising, and technology fees. As a reminder, franchisors are required to provide you with details about all initial fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay.

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How much can I earn by owning a Tax Tiger franchise?

As with any new franchised business, there should be a solid return on your investment and profit potential. The specific franchisee's salary and the revenue from a Tax Tiger business will depend on many factors. One way to check on the potential revenues or profits earned from a Tax Tiger franchise investment is to analzye the franchisor's Item 19 within their Franchise Disclosure Document. This is called an earnings claim. This is not required within a franchisor's disclosure and approximately 68% of all franchisors that we analyze each year will disclose financial performance data within Item 19 of their FDD. Some franchisors may disclose limited information such as average gross revenues. This type of financial disclosure is not always helpful to assess profits for you directly. So review systemwide sales data with caution. As a general rule, typically profits and owner's income are correspond to the overall size of the initial investment. The larger the initial investment, the larger profits you could expect to see. Another determining factor to profitability is based on the number of locations you purchase. If you purchase multiple outlets (typically defined as Area Development Agreements), you can expect that as you open the next location, you will generate more revenue and profits overall. Demand for your products, the labor costs in your city, commercial lease rates and several other variables also play a large role in your earnings and your take-home salary. Your future returns are associated with the franchise system’s success. Your returns and owner's income is not just dependent on how well your own location performs, you need to review how well the entire franchise system is performing. Determine how the franchise company makes money and review their financial returns.

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How many franchise locations does Tax Tiger franchise operate?

As of the 2018 Franchise Disclosure Document, there are 4 franchised Tax Tiger locations across the USA.

Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.

Are there any Tax Tiger franchise opportunities in my city?

Based on 2018 FDD research, Tax Tiger has franchise locations in 3 states. There may be zero outlets in several states as each franchise company maps out their development strategy differently.

Based on our research Tax Tiger is expanding into new locations and could be available near you. While planning your franchise purchase, you always need to be thinking about what is a good location for my business. Anlayze the potential customer base to confirm that the area you are looking at has a need or a market for this franchise.

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Last Reviewed: 2018