Liberty Tax Service Franchise, Liberty Tax Service Business Opportunity

June 11, 2010 - PRLog -- Liberty Tax Service was founded in 1997 by John Hewitt. Hewitt began his tax career in 1969 at H&R Block and then founded his own company, Jackson Hewitt Tax Service, in 1982. Then, in 1997 he acquired a tax company that had been franchising in Canada, changed the name to Liberty Tax Service, and now they offer franchise opportunities throughout the United States and Canada. The corporate headquarters are located in Virginia Beach, Virginia and as of 2009, there were over 2,500 franchises in the US and another 275 in Canada. They are currently seeking new franchises in Australia/New Zealand, Canada, and the United States.

Liberty Tax Service does offer exclusive territories, a fact that may appeal to a new franchisee. But, keep in mind that this may limit your growth potential and restrict you to a certain location. This is a factor to consider if you think that your family may ever need to relocate. The cost of starting a Liberty Tax Service will vary depending on your area and the amount required by you to rent/lease commercial property. The startup estimate range is from $56,000-$70,000. This includes a $40,000 franchise fee paid to Liberty Tax Service. They do offer financing options for these costs.

Liberty Tax Service does not require you to have experience in tax preparation although they do look for general business experience as well as marketing and customer service skills. A potential franchisee must also meet a cash liquidity requirement of $50,000. They have an extensive training and support in various cities as well as at the corporate headquarters and at the franchisee location. Regional advertising is available as is help with local marketing plans.

Absentee owners are allowed with LTS franchises. However, approximately 98% are owner operated. It is also interesting to note that roughly 50% of all franchisees own more than one unit. It is estimated that each franchise required 5-10 employees.

Learn more at http://www.lowcostfranchiseopportunities.com

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