Toro Taxes
Toro Taxes provides individual income tax preparation, tax filing, and related financial services for retail customers. We also serve business clients with income tax preparation, bookkeeping, and related administrative services. Our businesses may offer additional services such as bank products, audit protection, roadside assistance, refund anticipation loans, tax planning, and help resolving tax-related issues. We operate from approved retail locations either as a dedicated store or a kiosk placed inside a third-party retail site. Individual tax work is highly seasonal, while business services can be offered year-round.
Your franchise match score
Business & Professional Services
Brand highlights
- CEONick Maldonado
- Headquarters6130 Elton Avenue, Las Vegas, NV, 89107
- Year founded2012
- Year started franchising2015
- IndustryBusiness & Professional Services
- Locations open174 (+91 last three years)
Statistics & metrics
- Investment range$37,835 - $64,150
- Franchise fee$25,000
- Royalty10% of Gross Sales from Bank Product Transactions (excluding Gross Sales for Business Division Services and Non-Bank Product Transactions) and $30 for each Non-Bank Product Transaction. Subject to minimum royalty fee obligation of $3,000 for first Tax Season, $6,000 for second Tax Season, and $9,000 for third Tax Season and each Tax Season thereafter
- Brand fund2% of Gross Sales from Bank Product Transactions and Business Division Services, and a $2 contribution for each Non-Bank Product individual tax preparation transaction in the previous weekly or monthly accounting period
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Business & Professional Services industry:
From consulting and staffing to printing and shipping, business services franchises provide essential support to other companies. This sector is ideal for those with a background in corporate environments or B2B sales.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2021-07-22
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Toro Taxes, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of Toro Taxes's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Toro Taxes, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Toro Taxes franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Toro Taxes provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 174 |
| Franchise locations | 144 |
| Corporate locations | 30 |
System growth over time
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