Roni Deutch Tax Center - One Of The Lowest Startup Costs
Roni Deutch Tax Center franchise is one of the lowest start-up costs in franchising. The Roni Deutch Tax Center franchise opportunity is affordable and financing is available! Call us today so we can direct you to various financial professionals to see what financing is right for you.
Estimated Franchise Startup & Operating Costs
The best investment is the one that you make in yourself. Starting a Roni Deutch Tax Center is an investment in your financial future. Startup costs are amazingly low!
These are estimates of the costs and expenses that you can expect to incur so that you can plan accordingly.**
| Investment | From | To |
|---|---|---|
| Initial Franchise Fee1 | $0 | $39,000 |
| Leasehold Improvements2 | $2,000 | $6,000 |
| Signs3 | $874 | $7,000 |
| Furniture, Fixtures and Equipment4 | $1,623 | $13,000 |
| Technology, Office Equipment and Supplies5 | $1,186 | $9,000 |
| Start-Up Marketing6 | $5,000 | $9,000 |
| Insurance7 | $800 | $2,000 |
| Professional Fees8 | $500 | $1,500 |
| Licenses/Bonds | $200 | $500 |
| Lease Deposits9 | $1,250 | $3,000 |
| Miscellaneous10 | $600 | $800 |
| Your Out-of-Pocket Expenses While Attending Training11 | $100 | $2,000 |
| Additional Funds (3 months)12 | $16,500 | $27,100 |
| Total | $30,633 | $119,900 |
Call us today at 1-866-RDTC-BUY to learn about our financing options and our network of finance professionals.
1 You must pay us a one-time non-refundable franchise fee when you sign the Franchise Agreement in the amount of $39,000 for a Standard Market Territory and $30,000 for a Small Market Territory. For the first franchise only, the initial franchise fee may be waived if Franchisee can demonstrate to Franchisor’s satisfaction, in Franchisor’s sole discretion, that Franchisee has prepared a minimum of five hundred (500) paid federal income tax returns for each of the two (2) immediately preceding Tax Seasons prior to the execution of this Agreement and Franchisee reasonably expects those customers to continue to use Franchisee’s services as a Franchisee of Franchisor. A Standard Market Territory is a territory with a population greater than 15,000, but will generally have a population in the range of 35,000 to 40,000. A Small Market Territory is a territory with a population of fewer than 15,000.
2 Leasehold improvements include carpet, paint, base cove trim, and minor repairs for most locations plus Internet and phone wiring. Some locations may need additional improvements. The typical size of a location may range from 600 to 1,200 interior square feet. These costs are only estimates and will vary depending on a number of factors including geographic location, physical layout of the store, and physical condition of the store. You may be able to negotiate leasehold improvement costs in the lease agreement by requesting a tenant improvement reimbursement from the landlord. The tenant improvement reimbursement is not included in these amounts.
3 The estimated investment needed for the purchase, site survey, permitting, and installation of one exterior storefront sign, a two-sided pylon sign, and window and door vinyl signage, which meet established corporate guidelines. The estimated low assumes the signage is leased.
4 Includes manager, receptionist, and tax preparer furniture for initial year anticipated operational needs. The estimated low assumes the furniture is leased.
5 You will need to start out with four (4) computer workstations, a printer, a copier, a fax machine, and a phone/voice mail system. The supplies are start-up desk supplies such as pens, paper tablets, staplers, etc., and blank paper for the printer, fax machine, and copier. You should also consider purchasing a check printer/back-up printer, extra toner, and the newest version of Microsoft Office. The estimated low assumes the equipment item is leased.
6 You must spend a minimum of $5,000 during the initial tax season for the required initial marketing program. You will also need to spend a minimum of $5,000 during all subsequent tax seasons.
7 The estimate provides for the first year premium for comprehensive general liability insurance coverage and workers’ compensation insurance. You will be required to maintain comprehensive general liability at $1,000,000 per occurrence/$2,000,000 in the aggregate, including personal and advertising injury liability and property/casualty 100% replacement value on leasehold improvements, inventory, and electronic data processing; and workers’ compensation for your employees as required under local law. You will also need to carry $1,000,000 vehicle liability for non-company owned automobiles if you or your employees will be using personal vehicles to provide tax return preparation services outside of your RONI DEUTCH TAX CENTER. You may also want to obtain business interruption insurance covering loss of income, extra expenses, and crime and fraud. This insurance is not included in the estimate. Errors and omissions coverage is highly recommended, but is also not included in the estimate. All insurance policies must name us as an additional insured party.
8 Professional fees may include assistance in setting up a corporation or other business entity, assistance in setting up an accounting system, filing fees, etc.
9 The low estimate is for a one month deposit at a lower cost location while the high estimate is for a one month deposit at a more expensive location. Most locations require a security deposit in the amount of the first month’s rent plus common area charges (CAMs) and a proportionate share of property taxes and insurance based on the square footage leased.
10 The miscellaneous expenses are the start-up costs and first three months of expenses for utilities (gas, electric, water/sewer), phone, Internet service, bank and credit card companies charges, alarm company, and other reasonable monthly services based on your demographics.
11 You or your manager must attend 5-6 days of initial training at our main office in California. This is our estimate of potential travel and living expenses for one person to attend the training.
12 Additional funds are an estimate of the amount of cash required to cover reasonably anticipated operating expenses during your first three (3) months of operation, such as payroll related expenses. Neither we nor our affiliates have operated a business of the type being franchised. We cannot guarantee that you will not have additional expenses in starting the Business. Your costs will depend on how closely you follow the RONI DEUTCH TAX CENTER System, your management skills, experience, and business acumen, local economic conditions, the acceptance by local consumers of our approved services/goods, prevailing wage rates, competition, etc.
** This listing is not an offering. An offering circular can only be made by a Franchise Disclosure Document. The amounts listed are estimates and may vary depending on your geographic location. The amounts listed are subject to change.
