Toro Taxes
Toro Taxes franchises provide individual income tax preparation and filing services, along with value-added products such as bank products, audit protection, roadside assistance, and optional divisions for business bookkeeping, insurance, and real estate services. The business operates from fixed retail locations in high-traffic areas using a proprietary system, trademarks, and required supplies. The target market is primarily individuals seeking tax preparation, with potential for business clients through optional programs.
Franchise Costs
10% royalty + 2% global brand development fund + $200/mo bookkeeping software + up to $250/mo technology fee
Financial Performance
Item 19 Financial Performance
Data Based On: 155 Operational Franchise Outlets open for the entire 2024 Calendar Year.
Extracted Item 19 Section
How Toro Taxes Compares
Key Insights
- Lower investment than 91% of Business Services franchises
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Toro Taxes Current | $18K – $79K | $40K | 10.0% | 205 |
| 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
+12 more states
Franchisee Contacts
239 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 |
239 Contacts Available
Unlock all Toro Taxes franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Arbitration by six Colorado franchisees alleging improper FDD disclosures and false financial performance representations; settled without admission of liability.
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 Toro Taxes franchise ranges from $17,835 to $79,150. 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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