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LIBERTY TAX SERVICE Franchise Success Story

August 11, 2009

LIBERTY TAX SERVICE Franchise Success Story

UnhappyFranchisee.com asked: Are LIBERTY TAX SERVICE Franchise Owners Happy?  If you’re familiar with the Liberty Tax franchise, please share a  comment below.

Entrepreneur magazine has ranked the Liberty Tax Services franchise #3 behind  McDonald’s & Subway.  However, some commenters who claimed to be former Liberty Tax franchisees left stern warnings on the Franchise-chat forum.  Read their comments at:  LIBERTY TAX SERVICES Franchise Complaints.

However, one commenter on the same forum claimed to be a successful and happy Liberty Tax Services franchise owner, and shared his thoughts and financial details. He rebuffed the detractors and defended the Liberty Tax franchise opportunity.

Bubba wrote:

Good grief, people, just listen to yourselves. Entrepreneur magazine, independently of any of us here and our personal axes to grind, ranks Liberty as the #3 franchise opportunity in the country. Best in their category and better than any other except Subway and MacDonald’s. So, if you don’t want to cook food for people, it’s the best franchise according to them.

Yes, there are some franchisees who don’t make it, and when they violate their contract Liberty will sue them to enforce their rights under the contract they both agree to. Yes, Liberty charges a franchise fee and royalties – just like any franchise organization. Compare their royalties to Jackson Hewitt or H&R Block for a real eye opener, folks. They’re lower.

And no, the franchise fee is not pure profit, much of it goes to their area developers who provide the franchisee with direct operational support.

Reliable managers? If you are not a good business person you may not find good people. I have good solid managers for my two Liberty locations. My revenues are up 18% right now from last year, when my profits from two stores totaled $75k. I expect profits of at least $90k this year and upwards from there. Two territories.

But yes, some people fail. Liberty can tell you what you should do, but you can decide to do it your own way. If you know better than them, then by all means do it yourself. You’re a fool to pay for someone’s brand and system and then not use it.

For a total investment of $100k I have a business that will provide me with $90k a year in income for as long as I care to do this. I could expand, and Liberty would be very happy if I did, but I don’t want to. Other do, and make more. Some cannot run one store. But whose fault is that?

WHAT DO YOU THINK?  DO YOU OR HAVE YOU OWNED A LIBERTY TAX SERVICE FRANCHISE?  IS THE LIBERTY TAX SERVICE FRANCHISE A SOUND OPPORTUNITY?  WHY OR WHY NOT?

Contact UnhappyFranchisee.com

READ MORE ON LIBERTY TAX:

LIBERTY TAX SERVICE Franchise Complaints

Are LIBERTY TAX SERVICE Franchise Owners Happy?

LIBERTY TAX Leaked Email Exposes Sleazy Sales Tactics

LIBERTY TAX Fraud: Preparer Could Get Prison Time

LIBERTY TAX: Are Liberty Tax Franchise Owners Living Their Dreams?

LIBERTY TAX Scam Exposed by Franchise Owner

Comments

53 Responses to “LIBERTY TAX SERVICE Franchise Success Story”

  1. Bob Randall says:

    PROOF THAT FRANCHISEES ARE OVERPAYING
    READ ACCOUNTING TODAY’S 2015 TOP 100 FIRMS
    IF YOU DIVIDE THE GROSS REVENUES BY STAFF THE PROFIT PER EMPLOYEE IS $904,499.
    BIG FOUR ACCOUNTING FIRMS MAKE AROUND $282,024 PER EMPLOYEE.
    GOLDMAN SACHS $1,205,676 IN THEIR MOST RECENT YEAR.
    ACCORDING TO WIKIPEDIA GOLDMAN SACHS REVENUE PER EMPLOYEE WAS $1,176,471 IN 2014.
    NUMBERS CAN LIE, BUT THEY CAN ALSO CLARITY TO A SITUATION.

  2. Guest says:

    Ha! Ha! Proof you don’t understand the community.

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