Paramount Tax & Accounting
Paramount Tax & Accounting franchises enable operators to provide federal and state tax return preparation, tax resolution, accounting, and related financial services under the Paramount brand. The business model centers on franchising these professional services, requiring a licensed professional such as a CPA, EA, CA, or attorney to be involved and the office to be open at least 30 hours per week. It targets individuals and businesses in designated territories needing tax preparation and ongoing accounting support, with a seasonal focus around tax deadlines but year-round opportunities.
Franchise Costs
10% royalty + 5% local marketing + $300/mo marketing/SEO/website + $5-30/mo email accounts
Financial Performance
Item 19 Financial Performance
Data Based On: 30 franchised outlets that had completed at least one full tax season prior to the beginning of 2024 and who operated for all of 2024.
* All values extracted directly from the 'Franchised Outlets' table on page 3. The average net income of $212,702 is provided explicitly. No expense or profit ranges were provided to calculate a 'best guess profit' range.
Extracted Item 19 Section
How Paramount Tax & Accounting Compares
Key Insights
- Lower than average SBA loan default rate in Business Services
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Paramount Tax & Accounting Current | $74K – $166K | $40K | 10.0% | 90 |
| Bimbo Foods Bakeries Distribution, LLC | $14K – $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K – $609K | $30K | 5.0% | 4,500 |
| JACKSON HEWITT TAX SERVICE | $71K – $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K – $21K | $11K | 3.0% | 2,655 |
| SERVPRO (UNIT) | $259K – $380K | $100K | 10.0% | 2,286 |
Business Services Average 188 franchises | $118K – $284K | $46K | 10.4% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 188 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+6 more states
SBA Loan History
Historical SBA 7(a) loan data for Paramount Tax & Accounting franchisees (2017 – 2024)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
93 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
93 Contacts Available
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Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Paramount Tax & Accounting franchise ranges from $74,100 to $166,000. This includes a franchise fee of $40,000. Ongoing royalty fees are 10.0% of gross sales.
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Also includes FDDs for
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