H&R BLOCK, OR HOW TO GROW YOUR BUSINESS WORKING WITH THE COMPETITOR
Initial fee: | $2,500 |
Royalty fee: | 30% |
Total investment: | $31,505 - $138,700 |
Term of agreement: | 10 years, renewable |
Branch: | Tax preparation & electronic filing |
By being a small company and working by yourself in the tax return industry, you can get lost in the corporate world. H&R Block give you an opportunity to fight the competition by joining it. H&R Block is the world’s leading tax service provider. When you buy an H&R Block franchise, you are guaranteed a position on the market and a brand name in an industry where branding is everything. The H&R Block brand means professionalism; it means reliability and maximum refunds. An increasing number of people trust the company each year. One in seven US tax returns are prepared by H&R Block specialists.
The best thing is that you keep your independence; you make all the decisions in your own business. However, you are not by yourself in this struggle. H&R Block is aware that the road is bumpy and provides you with tools and support to overcome the obstacles you might encounter. Moreover, it gives you the freedom to grow. Many of the existing franchisees acquire more than one H&R Block units.
The company provides financial support for conversion expenses. The franchise fee is low and you can convert your business with minimum capital. You have to pay a royalty fee of 30% each month. However, the company offers royalty rebates for all existing clients from the time of conversion for the life of your agreement.
H&R Block started franchising in 1956, a year after it was founded. In more than 11,600 international locations it provides in-person tax services, as well as H&R At Home services which include digital tax returns and tax software.
You need to be someone to survive in the tax refund business. With more than 550 million tax returns since it was founded in 1955, H&R Block is a franchise leader in the industry. It is successful in following the corporate mission of becoming the leading global consumer tax company.