Purchase an Existing Business

Steps To Purchasing A Franchise

There are 8 steps to purchasing an existing Jackson Hewitt franchise:

1. Learn about Jackson Hewitt’s franchise system

The first step to purchasing a Jackson Hewitt franchise is learning more about the system and the franchise opportunity. We encourage all first-time buyers to learn moreabout our tax preparation franchise and find out how  so many of our franchisees have reached their professional business goals with Jackson Hewitt.

2. Complete a  Request for Consideration (RFC)

Tell us about your franchise goals, business background, and preferred geographic area(s) of interest. 

3. Consult with our team

Once you have completed the RFC form,, a member of our team will contact you to conduct a more in-depth assessment of your needs and business goals. As a standard practice, you will be asked to sign a confidentiality agreement.

4. Research opportunities

Our team will research available existing franchise opportunities that meet your specified requirements and goals. The details of these offers will be made available to you so that you can carefully evaluate your business options.

5. Meet the franchisee

Once you have selected an opportunity that best suits your goals, we will organize an introduction with the existing franchisee. This meeting offers you the perfect opportunity to ask questions about the day-to-day operations.

6. Evaluate the business

During the due diligence phase of the process, the current franchisee will make many details of the business available to you including two years of Profit and Loss (P & L) statements, copies of office leases, marketing plans, and territory expansion opportunities.

 

7. Negotiate the terms

 Once Jackson Hewitt has approved the franchise business transfer, the final step is the creation and signing of the buyer-seller agreement.  Once terms have been agreed upon, a purchase agreement will be signed.

 

8. Sign the purchase agreement

The final step is the creation and signing of the purchase agreement. Once the terms of the deal have been set, it’s time for you to take over the business!

Find an existing franchise business in your area. Apply today!

 When it comes to Jackson Hewitt, there’s so much they put out there for you – education, constant training – anywhere you want to go [with your business] you have support …
– Butch Baker, Franchise Operator, Southfield, MI