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.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
10% royalty + 2% global brand development fund + $200/mo bookkeeping software + up to $250/mo technology fee
Franchise Stats
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 to Other Business Services Franchises
Key Insights
- Lower investment than 91% of Business Services franchises
| Franchise | Investment Range | Franchise 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 187 franchises | $118K - $285K | $46K | 10.4% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 187 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
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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)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a Toro Taxes franchise?
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.
How much revenue does a Toro Taxes franchise make?
According to the 2025 FDD, the average gross revenue for a Toro Taxes franchise is $68,227.21. The median revenue is $42,099.2.
How many Toro Taxes franchise locations are there?
As of the 2025 FDD, Toro Taxes has 205 franchise locations. The company has been franchising since 2015.
Is Toro Taxes a good franchise to buy?
Toro Taxes shows several positive indicators: established brand with 205+ locations, transparent financial performance data (Item 19). However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in Toro Taxes?
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