General

Industry

Professional Business Services

Category

Accounting

SBA Identifier

S0894

Year of Founding

1985

Fees

Marketing Fee

6.5%

Royalty Fee

VARIES

Franchise Fee

$2,500-$7,500

Investment Range

$42K-$80K

Location units

Total U.S. Locations

5781

U.S. Franchised Units

3833

U.S. Corporate Units

1948

Headquarters (City)

Jersey City

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

1986

Issuance of FDD Data

09/21/2021

What to know about Jackson Hewitt franchise?

The franchise is the right to operate a business that offers tax preparation services and other financial and related products and services under the Jackson Hewitt Tax Service® brand and system.

Jackson Hewitt is based in Jersey City, NJ. Scroll down to learn more!

How much does a Jackson Hewitt franchise cost?

Are you wondering how much is a Jackson Hewitt franchise? Before starting a Jackson Hewitt franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Jackson Hewitt franchise is $42,300 and can go all the way up to $79,805. Keep in mind, you should also allocate additional funds to live off of while the Jackson Hewitt 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 Jackson Hewitt franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Jackson Hewitt business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Jackson Hewitt 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 Jackson Hewitt. Hotels to the Accounting, Outdoor Professional Business Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 4160 172 258 4065
2017 4065 298 363 3903
2018 4065 298 363 3903
2019 3903 219 190 3922
2020 3922 108 145 3833

Additional Details

How much does a Jackson Hewitt franchise owner make?

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

Jackson Hewitt discloses financials at the unit level. In other words, they show how much Jackson Hewitt franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Jackson Hewitt franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Jackson Hewitt. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Jackson Hewitt owners were making.

Visit the Jackson Hewitt metrics tab to explore the financials for this business.

What is the Jackson Hewitt franchise fee?

Owning a Jackson Hewitt franchise requires a variable royalty fee and 6.5% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Jackson Hewitt Franchise Disclosure Document

Keep in mind, there is also an initial Jackson Hewitt franchise fee of $2,500 that is included in the initial investment amount of $42,300 to $79,805. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Jackson Hewitt franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Jackson Hewitt franchise fee of $2,500.

Visit the Jackson Hewitt metrics tab to explore the financials for this business, 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 Jackson Hewitt founded?

Jackson Hewitt started offering franchises in 1986. Jackson Hewitt was founded 37 years ago in 1985.

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 Jackson Hewitt locations are in the U.S.?

As of 2021, there were 3833 locations across the U.S. There are also 1948 corporate locations. Most Professional Business Services franchises like Jackson Hewitt have more franchised locations than corporate locations.

How many Jackson Hewitt franchises opened over the past few years?

Over the prior 3 years we have data for, Jackson Hewitt has opened 625 outlets throughout the U.S. Visit the Jackson Hewitt metrics tab to explore how the openings compare to other Professional Business Services franchises.

How many Jackson Hewitt franchises closed over the past few years?

Over the prior 3 years we have data for, Jackson Hewitt has closed 698 outlets throughout the U.S

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

Is Jackson Hewitt growing? Are they opening more locations than they are closing?

The net unit growth rate for Jackson Hewitt over the past 3 years is -6%. Over the last year we have data for, Jackson Hewitt had a net unit growth rate of -2%.

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

Is Jackson Hewitt franchise eligible for an SBA Loan?

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

Jackson Hewitt franchise was assigned the SBA Franchise ID of S0894 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Jackson Hewitt that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Jackson Hewitt a franchise in the United States?

According to the SBA, Jackson Hewitt 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 Jackson Hewitt provides you with an FDD if you are in discussion to buy a Jackson Hewitt.

What is the Jackson Hewitt Franchise for Sale Rate?

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

Jackson Hewitt franchise for sale rate over the past 3 years is 9%. Over the last year we have data for, Jackson Hewitt had a franchise for sale rate of 4%.

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

What is the Jackson Hewitt Franchise Failure Rate?

Jackson Hewitt 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!

Jackson Hewitt failure rate over the past 3 years is 18%. Over the last year we have data for, Jackson Hewitt had a franchise failure rate of 4%.

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

How can I find out more details on Jackson Hewitt franchise?

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

Investment Midpoint

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

Jackson Hewitt

$61,053

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Jackson Hewitt

VARIES

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Jackson Hewitt

$5,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

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

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General

Industry

Professional Business Services

Category

Accounting

SBA Identifier

S0894

Year of Founding

1985

Fees

Marketing Fee

6.5%

Royalty Fee

VARIES

Franchise Fee

$2,500-$7,500

Investment Range

$42K-$80K

Location units

Total U.S. Locations

5781

U.S. Franchised Units

3833

U.S. Corporate Units

1948

Headquarters (City)

Jersey City

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

1986

Issuance of FDD Data

09/21/2021

Detailed Franchise metrics for Jackson Hewitt

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Jackson Hewitt below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

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

 

1 year

3 years

Jackson Hewitt

-2%

-6%

Industry median

All franchises median

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Franchise for Sale Rate

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

 

1 year

3 years

Jackson Hewitt

3%

9%

Industry median

All franchises median

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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

Jackson Hewitt

5%

18%

Industry median

All franchises median

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Business details

Company Name

http://www.jacksonhewitt.com/

Business email

**********@******.com

Mailing address

10 Exchange Place, 27th Floor

State headquarters

New Jersey

Owner Name

Jackson Hewitt

Phone

+1 (000) 0********00

City

Jersey City

Zip code

07302
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