Signs, Fixtures,
Equipment,
Computer
Insurance1
Lease Deposits, First Month''s
Rent Miscellaneous Office Costs, Furnishings, etc. Local Advertising
Requirement Regional Advertising Cooperative2
Printing/Office Supplies
Telephone, Licenses, Utility
Deposits
Travel, Lodging,'' Meal Expenses
during Training
Optional EZ Tax Software
Program3 Additional Funds -3
Months"
$200 to $700 $450 to $3,000 $0
to $2,000
$5,000
$0 to $5,000
$450
$400 to $600 $500 to $2,000
$199 plus shipping
As Incurred As
incurred As Incurred
As Incurred
As voted and approved by your
local advertising cooperative " As Incurred
As Incurred As Incurred As
Incurred
Before Opening Suppliers
Suppliers Landlord Suppliers .
Media Suppliers
Regional
Advertising
Cooperative
Suppliers
Utilities
companies
and Suppliers -
Before Opening Suppliers
Us
Employees, Suppliers,
Utilities, etc.
NOTES
The Initial Franchise Fee is non-refundable unless you
fail to successfully complete the training program or fail to open your
franchise within the required time limits expressed in the Franchise
Agreements. The training program and required opening time limits are described
in Item 11, below. If you fail to successfully complete the training program,
we may terminate the Franchise Agreement and refund to you the Initial
Franchise Fee minus our training expenses in the amount of $1,500. If you fail
to open your franchise within the required time limits expressed in the
Franchise Agreement and Item 11 below, we may terminate the Franchise Agreement
and retain the Initial Franchise Fee.-
Insurance. You must carry insurance policies for professional
liability, workers compensation, general liability, and owned and non-owned
hired auto coverage
Regional -Advertising Cooperative. Contributions required if
regional advertising cooperative is established in your area. (See Franchise
Agreement, Section 2, for .more information). This contribution will not to
exceed $3 per return.
EZ Tax Software. You may operate only one
full-size Tax Centers of America franchise in your Franchise Territory. See
Item 12, below. In addition, you may operate an unlimited number of Satellite
EZ Tax Center locations within your Franchise Territory. You may open
additional satellite offices (EZ Tax System) in the Franchise Territory and
satellite offices outside Franchise Territory as long as it is outside of any territory
of any Tax Centers of America franchise. Your first tax year, you may not
provide support service your satellite office{s). Tax Centers of America will provide the support service for your satellite office(s). A satellite office
is defined as an office that offers EZ Tax Software (The current price of the
software is $199 + shipping and handling. This price is subject to change.).
These satellite offices will be subject to normal fees (See Service Fees). You
must inform us by November 30th of the location of the satellite
office. Should someone buy a protected franchise territory where one of your
satellite offices is located, you must cease operations of that satellite
office. However, If the franchise is sold between December 1st and
May 17th, you may continue the operation of your business until May
17th. You must sign our standard Satellite EZ Tax System operating
agreement for each of your satellite locations before beginning operation.
4.�� Additional Funds - 3 Months. This
represents working capital and living expenses during your start-up phase.
The specific requirements for operation of your TAX CENTERS OF AMERICA franchise will be outlined in
the Operations Manual.
We require no
other payments. We do not finance any of these initial expenses.
This table estimates your
Initial start up expenses. These figures represent our estimates based upon our
experience and the experience of our founder. We do not guarantee that you will
not have additional and different expenses than those we have identified in
this table. Your actual costs will depend upon many factors, including, how
well you follow our directions and suggestions, your business skill and
experience, local economic conditions, local competition, and your sales levels
during the initial period.
You should review these
estimates with your business advisors before you decide to purchase the
franchise or to make any expenditure.
8.
