Franchises · 2026 FDD · Wisconsin DFI filing 640906
Liberty Tax franchise cost, unit revenue and closures
Opening a Liberty Tax cost $49,700 to $71,400 in the 2026 FDD; the median unit sold $139,486 in the franchisor's 2025 tax season figures; 24.0% of franchised units closed over three years.
Franchisor: JTH Tax, LLC. FDD issued 2026-04-09. Fiscal year end 2025-12-31. Figures re-found on the cited page 2026-11-04.
What a unit costs to open
single franchise agreement; excludes royalties, advertising fees and interest.
What a unit pays the franchisor
| Initial franchise fee | $25,000 | Item 5, p. 19 |
|---|---|---|
| Royalty | Royalties 14% of Gross Receipts, with minimums from the second year | Item 6, p. 21 |
| Advertising fund | Advertising 5% of Gross Receipts | Item 6, p. 21 |
single franchise; fees in the last fiscal year ranged from $0 to $25,000.
What a unit sells
Item 19 is optional and is the franchisor's own representation. It is shown here as filed, with the franchisor's measure, sample and period, and nothing is estimated where it is missing.
| Measure | net preparation fees per office, 2025 tax season, franchise-operated offices active into the 2026 season (Table 1) | |
|---|---|---|
| Sample | 1,411 units: 1,411 franchise-operated offices (83.2% of the 1,696 franchised offices counted on 2025-02-15) that operated in tax season 2025 and were still active on 2026-02-15; excludes processing centers and seasonal kiosks; the table also gives returns per office (average 586, median 494) and a split by office vintage | |
| Period | 2025 tax season | |
| High / low | $1,145,331 / $5,306 | |
Revenue to investment
Formula: Item 19 median net fees / Item 7 total (midpoint, low, high). A ratio of 1.00 means one year of median unit revenue equals the investment; it says nothing about profit.
How many units open and close
| Franchised units | 2023 | 2024 | 2025 |
|---|---|---|---|
| Start of year | 1,991 | 1,813 | 1,686 |
| Opened | 23 | 34 | 22 |
| Terminated | 119 | 73 | 62 |
| Not renewed | 30 | 38 | 38 |
| Reacquired by franchisor | 0 | 12 | 43 |
| Ceased, other reasons | 52 | 38 | 28 |
| End of year | 1,813 | 1,686 | 1,537 |
| Company-owned, end of year | 72 | 78 | 126 |
Item 20, Table 1 p. 55; Table 3 totals p. 61.
Closures are the franchisor's Item 20 counts of units terminated, not renewed, or ceased for other reasons, summed over 2023–2025 and divided by franchised units at the start of 2023. Units the franchisor reacquired are not closures. This is an Item 20 count, not a failure rate.
Source and method
Every figure above comes from the Liberty Tax Franchise Disclosure Document issued 2026-04-09, as filed with the Wisconsin Department of Financial Institutions (filing 640906, registry record). The PDF is the franchisor's and is not hosted here; the item and page beside each figure is where to check it. Item 7 and Item 20 tables were read cell by cell; Item 19 was read by hand; each Item 20 year was checked to sum (start + opened − exits = end) before it was recorded.
A seasonal tax-preparation office. Item 19 reports net preparation fees per office for the 2025 tax season, and the franchised count fell by 454 offices over three years while the franchisor took back 55..
Informational only, not professional, legal or investment advice. Unitnomics computes from the filing and does not advise on, rank, or refer to any franchise. Last reviewed: November 2026.