Instant Fund Tax Service Franchise Review
In 1994, with his dare to dream predilection, Fez Ogbazion, an Ethiopian, started Instant Fund Tax Service (IFTS) when he was in college. In the very first tax season, his start-up did returns from over 600 clients and in course of times it spread over dozens of other locations. In 1999, Ogbazion sold IFTS to Jackson Hewitt, he then moved to Dayton, Ohio with the profit of his trade deals. By 2003, IFTS had about 100 offices across several states and in 2004 the organization started franchising. Today the company together with achievement is moving towards a higher podium of success, and is seeking nationwide franchisees. So, if you nurture the dream of making it big, here's your opportunity to grow with Instant Fund Tax Service and walk along with the giants in the market and get income tax loans now.
USPs And Position
Specializations in professional tax preparation expedited refund and refund anticipation loans, offering both in-person and online filing services are the USPs of Instant Fund Tax Service. At present the company is ranked among the best in the business with an ever increasing profitable turnover every year. It was the third fastest growing franchises and the top low cost franchise in the year 2009.
How Much Will An IFTS Franchise Cost?
If there is an availability of exclusive territory with a population of at least 21,000, the company is game. You simply require general business experience and a net worth of $ 10,000 and cash liquidity of $ 10,000 to get started. The cost, fee and other related requirements are given below:
• Total Investment: $39,000 - $89,000
• Franchise fee: $34,000
• Ongoing Royalty fee: 20%
• Term of agreement: 5 years, renewable
• Options available: Express/Kiosk.
• No. of employees necessary: At least 3
Facts About The Operation
Instant Fund Tax Service allows absentee ownership. 90% of the present franchises are working as owners and operators. The popularity of its franchises are very high and it is evident from the fact that 75% of every IFTS franchise owns more than a single unit. To run a franchise unit, the minimum requirement of employees is three.
What More The Organization Proffers?
Instant Fund Tax Service is ready to guide and fulfill all your needs. 5-1/2 days of training is available in the headquarters. Regarding ongoing support, the organization is ready to endow with newsletters, meetings, toll-free phone line, grand opening, internet, field operation/evaluations and purchase cooperatives. For establishment of the market, the company will cooperate in creating a niche through cooperative advertising, regional advertising and ad slicks.
IFTS offers lucrative opportunity for those who want to take up a unit. If you are interested to start your own unit, you can avail the franchise consultation with the expert help. The company offers free, no obligation franchise consultation that will help you ascertain the right franchise that matches your requirements and lifestyle.
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