Start a The Tax Team Franchise in 2025

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $78K - $123K

Units as of 2020: 7 250.0% over 3 years

The Tax Team was established in 2014 by Aileen Guillen in Miami, Florida. The Tax Team has been franchising since 2019.

The Tax Team provides several services for tax and financial issues. The Tax Team’s services include tax preparation and filing, debt settlements, credit repair, small business planning, off-season tax, training, and quick book setup.

The needs of clients are the priority of The Tax Team. The franchise ensures that clients are fully satisfied with the services provided. The Tax Team also may enjoy a significant social media presence, which can make doing taxes both fun and quirky.

Since beginning to franchise, The Tax Team has opened several franchises in select states across the United States.

Why You May Want To Start The Tax Team Franchise

Great customer service is the pillar of The Tax Team. Prior experience in handling tax issues is a plus but not necessary when starting a franchise. The Tax Team franchisees should be hardworking, dedicated, driven by growth, have good customer service skills, and prioritize the clients’ needs.

The Tax Team provides exclusive territories to franchisees which may enable them to grow with their clients.

Opening a The Tax Team franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.

What Might Make The Tax Team Franchise A Good Choice?

The Tax Team is dedicated to ensuring that clients get the highest possible tax returns. The Tax Team is built on offering first-class customer service, which they believe is fundamental to brand growth. The Tax Team takes pride in the trust and respect it may have earned from clients.

To be part of The Tax Team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees.

How To Open The Tax Team Franchise

Before making any financial commitments or signing an agreement with The Tax Team, you must perform your due diligence and ascertain if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask The Tax Team franchising team questions. You may ask questions such as, “How many employees do I need to operate?” “How many clients can I work with at one time?” and “How can a protected territory help my Tax Team franchise grow?”

If awarded a franchise, franchisees may receive support from The Tax Team brand throughout the franchising process. In addition to pre-opening training, the Tax Team franchisees may receive support through brand awareness, marketing, research, and construction. Franchisees with The Tax Team also receive hands-on training and continued support after their franchise location has opened.

It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a The Tax Team franchise.

Company Overview

About The Tax Team

Industry	Financial Services
Related Categories	Tax Services
Founded	2014
Leadership	Aileen Guillen, CEO
Corporate Address	4101 S.W. 73rd Ave. Miami, FL 33155

Business Overview

Franchising Since	2019 (6 years)
# of employees at HQ	8
# of Units	7 (as of 2020)

Information for Franchisees

Here's what you need to know if you're interested in opening a The Tax Team franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$35,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$77,650 - $123,200
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	12%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	The Tax Team has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	20 hours
Classroom Training	15 hours
Ongoing Support	Meetings & Conventions Grand Opening Security & Safety Procedures
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes