Jackson Hewitt Tax Service
Yes, we actively support the inclusion and development of minority-owned franchises in the Jackson Hewitt Tax Service system.
Jackson Hewitt Tax Service
3 Sylvan Way
Parsippany, NJ 07054
800#: (800) 234-1040
Tel: (973) 630-0903
Fax: (973) 496-2760
E-mail: info@jtax.com
Web Site: www.jacksonhewitt.com
Contact: Mr. Richard Morris, VP Franchise Sales/Development
JACKSON HEWITT prepares tax returns for customers throughout over 4,000 franchised offices in more than 48 states, including locations within Wal-Mart, Kmart, Staples, etc. Since its founding in 1986, JACKSON HEWITT is the fastest-growing national tax service. Offices are independently owned and operated, offering full-service individual tax preparation, electronic filing, refund anticipation loans (subj. to qualification), and audit representation. A subsidiary of Cendant Corp. since 1998.
Franchisor Background
Established: 1960
First Franchise: 1986
Franchise Units: 3399
Company-Owned Units: 446
Total Units: 3845
Distribution:
> North America -- Operations in 48 States, DC
> States/Provinces with Greatest Density: 480 in TX, 381 in FL, 350 IL
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 1 FT, 6 PT (FT = Full Time, PT = Part Time)
Space Needs: 400-1,000 SF; SF, SC, RM
(for abbreviations click here)
Financial Requirements
Cash Investment: $25-50K
Total Investment: $47.4-75.2K
Average Total Investment: $61K
Minimum Net Worth: $100K
Fees
>Franchise: $25K
>Average Franchise Fee: $25K
>Royalty: 15%
>Advertising: 6%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Allowed
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: No
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes/Yes
Size Of Corporate Staff: 235
On-Going Support: A,B,C,D,G,H,I (for an explanation click here)
Training: 5 Days in Parsippany, NJ.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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