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H&R Block Tax Services
H&R Block is a leading tax service provider that employs 100,000 tax professionals and has prepared over 500 million tax returns throughout its years of operation. Tax preparation is a stressful activity for many, so H&R Block is there to offer assistance. Whether customers prefer face-to-face help with preparation, a second pair of eyes to check over returns they have done themselves, or just online software to make self-preparation even easier, H&R Block has all options available. H&R Block gives its customers a maximum refund guarantee and free audit support should the IRS have follow up questions.
Facts & figures
Currently, opportunities are available to open new H&R; Block franchises or purchase existing franchises from other owners. For potential franchisees who need such help, H&R; Block does offer financing assistance through a Franchise Equity Line of Credit. Franchisees go through a training program and receive continued support from the corporate offices to ensure continued success.
H&R; Block Franchise Opportunities - History
In 1955, a pair of brothers, Henry and Richard Bloch, founded their business in Kansas City. They changed the name from Bloch to Block to avoid the company being mispronounced as “blotch”. The business has expanded over the years to over 11,000 locations across the United States.
H&R; Block Franchise Cost / Initial Investment / H&R; Block
Franchise Income
H&R; Block does not have an initial franchisee fee aside from a refundable $2,500 security deposit. Franchisees do need to fund opening a new tax office (lease, equipment, and furniture), however. The total franchise investment amount is estimated at somewhere between $31,505 and $149,200.
H&R; Block Business Opportunities: Other Information
One in seven Americans have their taxes prepared with H&R; Block. The majority of Americans live within five miles of an H&R; Block office. H&R; Block was recognized frequently in Entrepreneur’s 2012 Franchise 500 rankings: #1 tax service company, #1 low cost franchise, #5 fastest growing franchise, and #8 franchise in America.
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