February 04, 2009 // Franchising.com // Sacramento, CA – Roni Deutch Tax Center, one of the nation's fastest growing tax preparation franchises, announced that the company is celebrating 2008 as a year full of successful franchise expansion and national branding accolades.
Less than two years from its initial launch, the Roni Deutch Tax Center franchise, founded by the Nation's "Tax Lady" Roni Deutch, has opened 59 new operating locations in 22 states throughout the country, and has awarded the rights to 326 territories, quite impressive for a new franchise. In early 2008, Roni Deutch Tax Center opened 16 locations in markets such as Atlanta, Chicago, Knoxville, and Houston, and in January 2009, 40 new tax center locations bearing the Roni Deutch name opened in Los Angeles, Detroit, Las Vegas, Miami, and many other communities throughout the country.
With more than 50 Roni Deutch Tax Centers now in development, the company is anticipating explosive growth in 2009, and is poised to reach 150 total franchise locations by January 2010.
"Since every American is required to file taxes, our franchise growth potential is unlimited, and this opens the door for us to quickly become the leaders in tax preparation," said Roni Deutch, CEO and Founder of Roni Deutch Tax Center. "We have attracted many entrepreneurs because we instill credibility, we're passionate about franchise owner's long-term success, and we filled a gap left by other tax chains by offering additional year-round business services, such as debt resolution, payroll, bookkeeping, and identity theft protection. We have truly differentiated ourselves from other notable chains by creating added value for our franchise owners!"
In this current economic climate, Roni Deutch Tax Center has seen growth because of the seasonal nature of the business model, and the absentee owner element, which allows a franchise owner to continue holding their current job or operate from home, while still owning a business. Also, the franchise price points are very competitive with the national average so franchise owners can open a Roni Deutch Tax Center for around $65,000, and do so, without going into debt.
In addition to the number of openings and franchise deals signed, Roni Deutch Tax Center also celebrated other achievements in 2008:
"In 2008, I've been given many opportunities to address a national audience," said Deutch. "By connecting with Americans across the country, I've done my best to educate and provide insight on various tax issues facing Americans, such as the effects of the financial bailout, what President Obama's tax plan means to the country, and what tax tips and deductions the average taxpayer overlooks. It's my passion to help Americans save big bucks on their taxes!"
Deutch, who for the past 18 years has built her law practice into the largest tax resolution law firm in the United States, launched her own brand of nation-wide tax preparation franchise centers to rival top chains because she saw the need for competent, professional tax return preparation.
Roni Deutch has built her reputation as one of the most successful tax lawyers through hard work and dedication to the needs of taxpayers. Her competitive spirit and insatiable work ethic have made her a household name with one out of three American adults knowing the name Roni Deutch. Through her years of practice, she saw that many of her clients' tax problems were caused by sloppy and unprofessional tax return preparation. Ms. Deutch decided it was time to put her experience to work for taxpayers across the country. Roni Deutch Tax Center is now filling the need for competent tax return preparation. In the February 2009 edition of the Entrepreneur Magazine, Roni Deutch Tax Center is in the top 2% of the fastest-growing franchises out of over 3,000 franchise concepts in the country. An affordable franchise opportunity, a Roni Deutch Tax Center franchisee can expect to invest between $26,500 (tax preparation business conversion) and $99,950 to open a tax center with the average investment being about $65,000 for one location.