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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.
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Franchise Costs
Minimum of $1,000/mo local advertising
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
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Unlock financial performance dataHow Toro Taxes Compares
Key Insights
- Lower investment than 75% of Business Services franchises
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Toro Taxes Current | $56K – $192K | $100K | N/A | 32 |
| Bimbo Foods Bakeries Distribution, LLC | $14K – $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K – $609K | $30K | 5.0% | 4,500 |
| RE/MAX | $37K – $337K | $35K | 1.0% | 2,994 |
| JACKSON HEWITT TAX SERVICE | $71K – $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K – $21K | $11K | 3.0% | 2,655 |
Business Services Average 198 franchises | $120K – $290K | $47K | 10.4% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 198 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2025)
Outlets by state across the United States
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Unlock location growth dataFranchisee Contacts
33 franchisee contacts on file from official FDD filings.
33 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
Disputes include claims for rescission of franchise agreements, damages due to alleged false financial performance representations, unregistered franchise sales, and misappropriation of trade secrets. One case involved a former co-founder and claims of breach of contract and fraud.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
The total initial investment to open a Toro Taxes franchise ranges from $55,600 to $192,300. This includes a franchise fee of $100,000.
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