Low startup cost with unlimited territories available in your area
The mission of Colbert/Ball Tax Service is to continue providing opportunities for people to own their businesses. This is an exciting time to become an innovative entrepreneur. Annually, the tax preparation industry excels in growth and potential, providing a stable and solid source of revenue that is unaffected by economic change. In 2008, over 144 million individual tax returns were filed, of which more than 86 million were filed electronically, an increase of 16% over the previous year. This supports the I.R.S. mandate to make 90% of all tax returns filed electronically by the year 2010. Colbert/Ball Tax Service is a company on the rise. We have secured our reputation as a key competitor in the tax industry. Choosing to become a member of the Colbert/Ball family will afford you the opportunity to achieve your dreams. Colbert/Ball Tax Service will provide you powerful electronic tax preparation software, marketing concepts, training programs and seasoned individuals with more than four decades of experience in the tax industry.
The Tax Industry
- The tax preparation industry has been dominated for nearly 40 years by one major player, H&R Block.
- In 2004, over 61 million people filed their returns electronically and that number has grown by over 71% as of 2008.
- Tax preparation and electronic filing is a multi-billion dollar industry.
- The IRS mandate that over 90% of the nation will file electronically by 2010 guarantees the continuing growth of this industry.
- Paid preparation of tax returns is growing even faster than electronic filing alone (from 65% in 2006 to over 80% last year)
Why Franchise With Colbert/Ball Tax Service
- Our owners and key management personnel collectively have over 60 years of combined experience in the tax industry.
- Colbert/Ball has developed a proven turnkey operating system for your success.
- Businesses that franchise have a greater success rate than businesses in the same industry that don't franchise.
- Colbert/Ball Tax Service provides complete training and consultation. No prior tax experience is needed.
- Our experienced marketing personnel will assist you in the location selection process to ensure ideal territory coverage for the target demographic.
- Colbert/Ball Tax Service provides full technical and tax support year-round - You are never alone.
- Low startup cost with unlimited territories available in your area. The franchise fee is only $12,500 with a $29,735 to $46,735 overall investment.
- Colbert/Ball Tax Service is ranked in the Top 50 fastest-growing franchises in the country*
*(Source: Entrepreneur.com)
- The tax industry is a 4-month business with 12-month income potential.
- Colbert/Ball uses big-ticket giveaways as a key marketing tool. This year, we gave away a Hummer H3 as the grand prize!
- Colbert/Ball is promoted by well known celebrities in radio and television advertisements.
Colbert/Ball vs. The Competition
| | Colbert/Ball
Tax Service | Jackson Hewitt | Liberty Tax |
| FRANCHISE FEE | $12,500 | $25,500 | $37,000 |
| START-UP COST | Under $47,000 | $49,857-$94,014 | $66,900 + |
| AVAILABILITY | Excellent Territories Available | Most Excellent Territories Sold
Very limited | Still Available |
| BRAND NAME | Brand New | Low | Low |
TAX INDUSTRY
EXPERIENCE | 60 tax seasons
Top Management | N/A | N/A |
Estimated Franchise Start-Up Cost **
(Note: Some costs are variable depending on your local area.)
| Initial Franchise Fee* | $12,500 |
| Advertising | $1,475-$3,475 |
| Travel and Living Expenses While Training | $1,000-$1,500 |
| Equipment and Furniture | $2,700 - $4,200 |
| Signs | $1,000 - $2,500 |
| Rent Deposits | $500 - $2,000 |
| Payroll | $3,000 - $ 5,000 |
| Insurance | $200 - $700 |
| Miscellaneous (includes license fees, utility cost and miscellaneous supplies) | $3,000 |
| Total Estimated Start-Up Costs** | $26,378 - $38,906 |
*Offices that have operated previously are priced separately.
**This advertisement is not an offering. An offering can only be made by a prospectus (offering circular). In some states, this prospectus must be registered with the state. This franchise is not presently offered in all states. Franchise ApplicationYou can complete the REQUEST FOR CONSIDERATION and a representative will call you.
Disclaimer: Information made available through this web site regarding the Colbert/Ball Tax Service franchise opportunity is for general information only and is not intended to be a franchise offer. Offers are made only after delivery of an effective Franchise Disclosure Document in compliance with applicable federal and state laws. None of the communications made through this web site should be construed as an offer to sell any Colbert/Ball Tax Service franchises in, nor is any such communication directed to the residents of, any jurisdiction requiring registration of the franchise before it is offered and sold in that jurisdiction. No Colbert/Ball Tax Service franchises will be sold to any resident of such jurisdiction until the offering has been exempted from the requirements of, or duly registered in and declared effective by, such jurisdiction and the required Franchise Disclosure Document has been delivered to the prospective franchisee before the sale in compliance with applicable law.
Pre-Disclosure: Assuming you qualify as a Colbert/Ball Tax Service prospective franchisee, we may provide you with a Franchise Disclosure Document in hard copy or electronic format. If the Franchise Disclosure Document is furnished electronically, it will be provided in a Portable Document Format (PDF) file. You must use the Adobe Acrobat program in order to open and view this type of electronic file.
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