G.I. Tax

Tax preparation, financial services

2023 Franchise 500 Rank: N/R Not ranked last year

See the Full List

Initial investment: $128K - $188K

Units as of 2021: 3 50.0% over 3 years

Jump to Franchising Overview

Company Overview

About G.I. Tax

Industry	Financial Services
Related Categories	Tax Services
Founded	2012
Parent Company	G.I. Tax Investments Inc.
Leadership	Emily Meyer, Director of Operations
Corporate Address	3600 N. Wickham Rd., #106 Melbourne, FL 32935
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	2019 (4 years)
# of employees at HQ	10
Where seeking	This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
# of Units	3 (as of 2021)

Information for Franchisees

Here's what you need to know if you're interested in opening a G.I. Tax franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$40,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$127,500 - $188,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$25,000 - $36,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	$8,000 off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	12.5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	to 3%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	5 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	G.I. Tax has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	25 hours
Classroom Training	25 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes

Take our quick quiz to find your ideal franchise

Interested in ownership opportunities like G.I. Tax? Request a free consultation with a Franchise Advisor now.

Franchise 500 Ranking History

Compare where G.I. Tax landed on this year's Franchise 500 Ranking versus previous years.

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to G.I. Tax.

Brightway Insurance

description: Property and casualty insurance

Learn More

uBreakiFix

description: Electronics repairs

Request Info

Wow 1 Day Painting

description: Residential and commercial painting

Request Info

Goosehead Insurance

description: Property and casualty insurance

Learn More

Want to Own Many Businesses? These Are the Best 150 Franchises for Multi-Unit Owners.

For franchisees who want to build their own empire, this is the way to go.

By Tracy Stapp Herold

Franchise

These Are the Top Franchises in 152 Different Industries

If you're looking to buy a franchise, these are the "best of the best."

By Tracy Stapp Herold

Franchise

How to Measure Franchise Success With Comparative Testing

This simple task is imperative for decision-making and business growth.

By Entrepreneur Staff

Growing a Business

Jersey Mike's Grew From a Seaside Deli to a Franchise Giant, and Never Lost Its Charm. This Is How, Its Founder Says.

The inside story of how a New Jersey mom and pop shop stayed small, even as it expanded to over 2,500 locations.

By Nate Hopper

Business News

For the Stottlemyres, Franchising — Like Baseball — Is a Family Business

Todd Stottlemyre grew up in a baseball family, pitching in the Major Leagues like his father and brother. Now, as Koibito Poké franchisor, his daughter is following in his business footsteps.

By Carl Stoffers

Franchise

A Guide to Franchising for Retireees and Seniors

Whether it's in-home care, fitness or food services, find a franchise that aligns with your interests and retirement goals.

By Clarissa Buch Zilberman

See more franchise content

Disclaimer

The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.

Updated: December 12th, 2022

For reprints and licensing questions, click here.

Update Your Listing | Submit New Listing

G.I. Tax

Company Overview

About G.I. Tax

Business Overview

Information for Franchisees

Financial Requirements & Ongoing Fees

Financing Options

Training & Support Offered

Operations

Franchise 500 Ranking History

Sign Up for Our Franchise Newsletter

Related Franchises

Related Franchise Content