Toro Taxes is a tax preparation franchise with low initial investment ($17,835-$79,150) but concerning system health metrics. The franchise has 219 total units with significant closures in 2024 (31 units). Financial performance shows low average sales of $68,227 annually with extreme variance between top and bottom performers. The 10% royalty rate applies to bank product transactions with $30 per non-bank transaction, plus a $5,000 minimum during tax season. Territory protection exists but is non-exclusive. The franchise requires owner-operator involvement and offers extensive training support.
Generated from 2025 Franchise Disclosure Document
AI-generated from FDD analysis — use as a checklist with your attorney
Total startup costs, working capital, and financial requirements
Training, marketing support, technology, and operational assistance
Royalty, marketing, technology, and other ongoing fees
Revenue data, P&L estimates, and financial projections
Lawsuits, disputes, and legal risk assessment
Territory rights, term length, non-compete, and transfer rules
82 legal provisions scored on a franchisee-friendliness scale
Unit growth trends, exit rates, and system trajectory
Similar to Toro Taxes in category and investment range