H&R Block tax franchise is experiencing turbulent times.
Yet despite undergoing a “broad strategic realignment,” that includes the elimination of hundreds of jobs and the closing of 200 underperforming company-owned offices, H&R Block continues to recruit new franchisees.
Are you familiar with the H&R Block franchise opportunity? What challenges do H&R Block franchisees face? Share an opinion below.
“So you can rest assured that our long history with the franchise business model will work to your advantage.
“We’ll supply the tools you need to help you effectively beat the competition and to help you ensure your franchise’s success.
“There are many benefits to becoming an H&R Block franchisee.
Learn about the advantages of working with the No. 1 brand in tax preparation.
Over 55 Years of Experience
Largest Tax Network in the United States
Low Initial Investment
Available Business Financing
Strong Support to Help Expand Your Business
Unmatched Industry Training and Technology
Superior Products and Services
ALSO READ:
H&R BLOCK To Close 200 Company Locations, Cut 350 Jobs April 26, 2012
TAX FRANCHISES: Biggest Winners & Losers of 2010 January 12, 2011
H&R BLOCK Dumps EXPRESSTAX… & Franchisees? October 3, 2011
About H&R Block
H&R Block, Inc. has prepared more than 575 million tax returns worldwide since 1955, making it the country’s largest tax services provider. In fiscal 2011, H&R Block had annual revenues of nearly $3 billion and prepared more than 24.5 million tax returns worldwide, including Canada and Australia. Tax return preparation services are provided in company-owned and franchise retail tax offices by approximately 100,000 professional tax preparers, and through H&R Block At Home(TM) digital products. H&R Block Bank provides affordable banking products and services. For more information, visit the H&R Block Online Press Center.
SOURCE: H & R Block
ARE YOU FAMILIAR WITH THE H&R BLOCK AND THE H&R BLOCK FRANCHISE OPPORTUNITY? IS IT STILL A VIABLE H&R BLOCK FRANCHISE OPPORTUNITY? SHARE A COMMENT BELOW.
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View Comments
Mike you could be right. $50 each if not free. After your payroll, you should have about $10 left.
Guest2,
IF and really IF, Liberty is up, it will only be because new franchisees entered the system and did ALL the work. The real story to Liberty is whether Same Store sales grew and by how much because new stores are nearly irrelevant. SCREWITT, likes to BOAST about his results....there will be NO BOASTING SOON!! If Liberty has a less then 10 percent increase in same store sales which is HIGHLY LIKELY--more probable 2-3 percent, but I predict same store sales down 3-5 percent!!! MEANS LIBERTY IS DONE, DONE DONE DONE DONE DONE, GOOD luck selling franchises this summer with negative SAME STORE SALES, can you say DONE DONE DONE!!!?
Mike,
Basically you admitting that no matter what you won't have anything positive to say about Liberty Tax because of your hatred of John Hewitt. Sounds sad, you may want to get some professional help.
Guest,
I will say something positive about Liberty Tax: There are some AWESOME current zees and EX ZEES on this board.
As for SCREWITT-he had me at Hello and fooled me!
If I was starting a Tax Franchise today I would not go with Jackson Hewitt who just came out of bankruptcy and is closing stores down and HR block who is closing stores down, losing customers and charging 30% royalties. Liberty Tax has been adding 300 stores each year for the last few years in addition to growing double digits. Sounds like it did not work out for a few of you who keep posting on here and are very angry but may you should look at yourselves in the mirror since so many other are doing well. I know several stores in my area that are doing $250k in net revenues and profiting $100k for 3 months of work, 6 weeks of which are very busy. Show me another business that you can do that with.
You might know of a few stores that have $250k, but not many. This is a business you can profit from but don't expect to net $100k unless you buy an existing store making that. Expect to net $25 to $40k if you are really good at it and don't have 12% loans. Don't expect to pay your household expenses or you'll be homeless. and don't forget, this is not a 'run it absentee' business. and don't forget, it sucks to pay your off season bills from the money you worked so hard for from january to april. did'nt make enough? you'll need to borrow it and get caught in the cycle.
Guest2,
I agree with you 100%. But at the same time name me a business that you can just open up and make $100k right away. It takes a liberty Tax business about 6-7 years to get there. I definitely don't think this is a get rich quick scheme. Also, you can't run it absentee but you only need to work 4 months of the year. What other business requires only 4 months of the year of work? HR Block has been in business since the 50s losing money for 3 quarters and making all of it its profit during tax season. Liberty Tax is not perfect but it is not as bad as Mike, Franchizee, San Fran, Trisha, Bill (they are all the same person) says it is. He is a failed franchisee from NJ that everyone knows that is obsessed about this and keeps posting everywhere.
I agree somewhat. Actually, I think it can be done in less than 6 to 7 years. Maybe just 3 to 4 years. I agree with the not many. The problem is the overselling and the expensive cost of credit. Not enough warning in the beginning that you can and probably will lose money. I have investigated many other businesses and keep coming back to the tax industry because of the half-year work period. You need more than the 4 months. That only works if you are in a low income area with simple returns. and there is no growth in low income areas.
Looks like Liberty grew its brick and mortar business this year and HR block lost market share and who knows how bad Jackson Hewitt did. Instant Tax is pretty much done. Looks like Liberty Tax continues to outperform the other companies.
Instant still going strong here. Jackson Hewitt looks done. Once the HR Block commercials stopped, people stopped talking about them. Liberty should work on fair share of profits for store owners.