Each year a few new franchisors enter the stage to begin offering their franchise concepts. Generally, a Franchisor has an existing store or several that have become successful over a long period of time. During this time they have like any business been through their share of hard knocks, thus, they are able to build all the mistakes out of their business models.
During recessionary times it is generally a time when franchising flourishes because folks that would have normally been gainfully employed seek new employment as their own boss. A franchised business therefore makes a lot of sense. One good business model that never seems to go out of style and always seems to do well during downturns in the business cycle is a tax preparation business.
If you have been considering getting into the tax preparing business look no further, as there is a new kid on the block; 1-800 Tax Preparation – I guess that name says it all, and such a name puts you at the top of the Yellow Pages in that category too. 1-800 Tax Preparation is based out of Texas and has been around since 1995, so I bet they have worked out all the bugs.
After reading through one of the Franchise Directories looking at all the new concepts, and having been a former Franchisor Founder myself, this one sure piqued my curiosity. And since they are relatively new, new to Franchising that is, it sounds like an opportunity that would allow a new franchisee buyer to get in on the ground floor.
Plus, with a franchise fee of $35,000 it surely comes with some decent training on how to run the business and market it as well. This Franchise also had another benefit, they have financing available for qualified franchise applicants that are approved by the Franchisor. Definitely on new franchisor that is worth taking a look at.