LIBERTY TAX SERVICES Zero Franchise Fee Offer
Liberty Tax Franchise is promoting a Zero Franchise Fee offer. Their Email newsletter solicitation is below.
What do you think? Is it a great deal? The text reads:
“Owning a Liberty Tax office is now more affordable than ever. With some franchise fees totaling more than $40,000, Liberty Tax Service is offering No Franchise Fee. Liberty’s No Franchise Fee Offer helps reduce the initial costs associated with purchasing a franchise and gets you on the path to owning your own business.
“Franchise Fee is $0. Territory must be an un-owned, undeveloped territory. Franchisee will pay a $2,500 refundable security deposit. Security deposit is refunded upon the completion of 5 year franchise agreement or the sale of territory. Territory must be opened by 1/8/2012. Offer expires 12/31/2011. Available in select areas…”
Here’s the email offer:
Last Chance – Zero Franchise Fee
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| Owning a Liberty Tax office is now more affordable than ever. With some franchise fees totaling more than $40,000, Liberty Tax Service is offering No Franchise Fee. Liberty’s No Franchise Fee Offer helps reduce the initial costs associated with purchasing a franchise and gets you on the path to owning your own business. Franchise Fee is $0. Territory must be an un-owned, undeveloped territory. Franchisee will The franchising information contained in this email is not If you wish to unsubscribe from e-mail promotional messages from Liberty Tax Service, please |
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ARE YOU FAMILIAR WITH THE LIBERTY TAX FRANCHISE? WHAT DO YOU THINK? SHARE A COMMENT BELOW.
Anyone receiving this should ask what’s the catch? There is no mention of royalties but in the old agreement there was a minimum royalty fee of $5,000 1st year, $8,000 2nd year and $11,000 the third year. I imagine that under this agreement the royalty percentage is higher and so are the minimum royalty fees. For any one consider a Liberty tax franchise you need to beware most franchisees are struggling and you can see proof of this by looking at their financial statements. On Their cash flow statement you will see they had to issue $56,400,000 in operating loans to franchisees. If you divide that by 3500 stores that comes out to $16,114.29 each. Please remember that Liberty Tax Services does not do any national television advertising and outside of the tax preparation community it has very little brand recognition. Just ask 10 of your friends to name a tax prep. business and you will be luck to here Liberty mentioned.
royalties are 11% higher for the first five years. that’s the catch.
What happened to the main liberty tax forum? The one that made it the second most commented one on this board.
bill:
It’s right here:
Liberty Tax Franchise Complaints
http://www.unhappyfranchisee.com/liberty-tax-services-franchise-complaints/
It’s a horrible deal considering all the fee’s in royalties you’d have to pay. Colbert/Ball Tax Service is a much better bang for your buck. 15% royalties with franchise fee’s as low as $10,000. This is an exciting time for our entire franchise system. Over the next two years we plan to make available more than 5,000 new territories across the U.S. We would like for you to join us in our mission to provide top quality tax preparation with fast refunds to middle and low income wage earners nationwide.
We are looking for motivated individuals who want to be in business for themselves but not by themselves. Colbert/Ball Tax Service is one of the most successful companies in the tax preparation industry. We were recently awarded the Pinnacle Award for outstanding achievement as a tax service business. Our management team has larger than 40 years combined experience in the tax industry. If selected, you will become part of a family oriented team of tax industry experts.
I will be in touch with you shortly to discuss the process & qualifications required to be granted a Colbert/Ball Tax franchise. We strongly feel that this is by far, one of the most exciting franchise opportunities of the 21st century and we want to share it with YOU!
Thank you again for your interest in Colbert/Ball Tax service. For additional information visit our website at http://www.colbertballtax.com
Best Regards,
Andrew Olemgbe
Franchise Consultant
[redacted]
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Good for you, Andrew! Best of luck with your franchise. Can’t wait for you to put Liberty out of business.
Liberty is a sham. The worst excuse for a company ever. They are the lowest form of slime starting at the top on down.
I hope every other tax company out there succeeds and puts these b——- out of business forever. JohnBarilla: Do not at any time convince yourself that this is a GOOD company to work for. We have been involved with them for more years than we can count and they are all crooks.
Whoever is looking at these forums to get more information on buying into Liberty Tax and owning a franchise………..DON’T DO IT!!!!!!!!!!!!!!
I have a little experience with people and taxes and I do not want to work for anybody else no more so I was thinking on getting in touch with Liberty Tax because I saw their advertising of zero down but after reading all these comments I better look for something else.
Mayela,
Excellent choice, try H&R Block, they are a good company, or better yet buy some software and become your own boss. I am glad you didn’t join Liberty!!
Mike,
Where can a person buy sofware for the tax preparation? Also, what about the instant electronic refund part of the business?
Who recieves the fee income for that?
Donna,
i just bought mine from CCH literally 30 seconds ago. There are sooo many good ones out there, I use Taxwise, because the IRS uses it, and training material coincides. Also, they don’t bill me until Feb of 2013, helps the cash flow until season starts. As for bank products most software providers will have arrangements for you. I hope you are not considering Liberty Tax, you will likely be wasting loads of money!!
Do not go with this B_____ , this company is a sham.
You think you will have your own business?!!!! No you will be on your own but working for free for this B______.
I am ready to do ANYTHING to put Liberty out of business.
This company is a bunch of crooks. Read more about under the main posts.