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General

Industry

-

Category

Professional Business Services

SBA Identifier

S0058

Year of Founding

2019

Fees

Marketing Fee

3%

Royalty Fee

14%

Franchise Fee

$40,000-$40,000

Investment Range

$69K-$85K

Location units

Total U.S. Locations

52

U.S. Franchised Units

52

U.S. Corporate Units

0

Headquarters (City)

VA

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

2019

Issuance of FDD Data

04/30/2020

What to know about Atax franchise?

The franchise offered is for the operation of an ATAX (ATAX Business or Franchises Business). An ATAX Business offers affordable tax preparation and business to business services, specifically those small to medium-sized businesses that are seeking to simplify and streamline their bookkeeping, and other financial services through based software solutions. The Franchised Business provides, tax preparation and other financial products and services as may be permitted by the franchisor.

Atax is based in Virginia Beach, VA. Scroll down to learn more!

How Much Does a Atax Franchise Cost?

Are you wondering how much is a Atax franchise? Before starting a Atax franchise, it is important to know the Atax franchise fee ($40,000) working capital and other costs required to start the business.

The minimum investment amount required to open a Atax franchise is $69,150 and can go all the way up to $84,700. Keep in mind, you should also allocate additional funds to live off of while the Atax business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Atax franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Atax business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Atax franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Atax. Hotels to the Cleaning and Maintenance, Outdoor Maintenance industry.

Franchise Data

Year Start of year Units Opened Units Closed Total End of Year
2016 31 0 0 31
2017 31 0 0 31
2018 31 4 4 31
2019 31 14 4 52

Additional Details

How much does a Atax franchise owner make?

Atax franchise earnings and revenue can vary significantly from one franchisee to another. The Atax franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Atax unfortunately does not disclose financials on how much Atax franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Atax does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Atax franchisees. Do note that Atax is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Atax franchisees to understand how much money they are making from their Atax business.

You should also speak to former Atax franchisees to understand why they left the system. Did they sell their Atax at a profit? Were they forced to close their Atax franchise down because it kept losing money?

What is the Atax Franchise Fee?

Owning a Atax franchise requires a 14% royalty fee and a 3% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship.

Keep in mind, there is also an initial Atax franchise fee of $40,000 that is included in the initial investment amount of $69,150 to $84,700. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Atax franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Atax franchise fee of $40,000.

Visit the Atax metrics tab to explore how the franchise, royalty and marketing fees compare to other Professional Business Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Atax founded?

Atax was founded 3 years ago in 2019. Atax started offering franchises in 2019. At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Atax locations are in the U.S.?

As of Issuance of 2020, there were 52 Atax locations owned and operated by franchisees across the U.S. There are also 0 corporate locations owned and operated by Atax. Most Professional Business Services franchises like Atax have more franchised locations than corporate locations.

How many Atax franchises opened over the past few years?

Over the prior 3 years we have data for, Atax has opened 18 outlets throughout the U.S.

Visit the Atax metrics tab to explore how the openings compare to other Professional Business Services franchises.

How many Atax franchises closed over the past few years?

Over the prior 3 years we have data for, Atax has closed 8 outlets throughout the U.S.

Visit the Atax metrics tab to explore how the closures compare to other Professional Business Servicesfranchises.

Is Atax growing? Are they opening more locations than they are closing?

The net unit growth rate for Atax over the past 3 years is 68%. Over the last year we have data for, Atax had a net unit growth rate of 68%.

Without a comparison, this number doesn’t mean much. Compare how the Atax growth rate compares to 2,000+ other franchises and Professional Business Services franchises like Atax. More info in the Atax metrics tab.

Is Atax franchise eligible for an SBA Loan?

Atax is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Atax franchise was assigned the SBA Franchise ID of S0058 on 10/1/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Atax that are reviewed and found eligible under SBA's affiliation rules and other eligibility criteria.

Is Atax a franchise in the United States?

According to the SBA, Atax meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Atax provides you with an FDD if you are in discussion to buy a Atax.

What is the Atax Franchise for Sale Rate?

The Atax systemwide health and franchisee satisfaction can be measured by the Atax franchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

The franchise for sale rate for Atax over the past 3 years is 0%. Over the last year we have data for, Atax had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Atax franchise for sale rate compares to 2,000+ other franchises and Professional Business Services franchises like Atax. More info in the Atax metrics tab.

What is the Atax Franchise Failure Rate?

Atax franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Atax failure rate over the past 3 years is 15%. Over the last year we have data for, Atax had a franchise failure rate of 8%

Without a comparison, this number doesn’t mean much. Compare how the Atax failure rate compares to 2,000+ other franchises and Professional Business Services franchises like Atax. More info in the Atax metrics tab.

How can I find out more details on Atax franchise?

Visit the Atax metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today for exclusive access on this franchise opportunity!

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General

Industry

-

Category

Professional Business Services

SBA Identifier

S0058

Year of Founding

2019

Fees

Marketing Fee

3%

Royalty Fee

14%

Franchise Fee

$40,000-$40,000

Investment Range

$69K-$85K

Location units

Total U.S. Locations

52

U.S. Franchised Units

52

U.S. Corporate Units

0

Headquarters (City)

VA

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

2019

Issuance of FDD Data

04/30/2020

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

Atax

32%

16%

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2020)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Atax

10%

NA

Industry median

All franchises median

Unlock premium content

Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Atax

[0%]

NA

Industry median

All franchises median

Unlock premium content

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Atax

$76,925

Industry median

All franchises median

Unlock premium content

Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Atax

14%

Industry median

All franchises median

Unlock premium content

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

Atax

32%

16%

Industry median

All franchises median

Unlock premium content

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock premium content

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlock premium content

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Business details

Company name

-

Business email

-

Mailing address

780 Lynnhaven Parkway Suite 240

State headquarters

Virginia

Key leadership

Atax

Phone

+1 (000) 000-00-00

City

Virginia Beach

Zip code

23452

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