About H&R Block
In 1955, two brothers set out to provide the public with the highest quality tax services. Today, we continue to serve our clients, our community, and our brand with the same passion our foFranchises Unders held. This is H&R Block.At H&R Block, we provide help and inspire confidence in our clients and communities everywhere. We’ve been true to this purpose since the beginning when brothers Henry and Richard Bloch founded the company in 1955. In that time, we’ve prepared more than 800 million tax returns. And we’ve grown to have company-owned and franchise retail locations in all 50 states, Puerto Rico and other U.S. territories, on U.S. military bases internationally and around the world.
The brand synonymous with taxes for decades continues to lead the industry as the only company to offer complete choice for consumers to get tax help on their terms with in person, online, and virtual options. By combining the knowledge of highly trained tax professionals with cognitive computing technology and digital services, we’re offering clients our most personalized tax experience ever and the confidence knowing we will get them their maximum refund. This is the future H&R Block is building. It’s one our foFranchises Unders would be proud of – and one that is true to our purpose. We serve our community with the same passion we serve our clients.
At H&R Block, we believe in doing the right thing. It’s a belief that goes beyond tax preparation. We’re committed to serving the community and continuing the philanthropic tradition established by our foFranchises Unders Henry and Richard Bloch.
Company Founded
1955
Current Leadership
Jeff Jones, President & CEO
Started Franchising
1956 (65 years)
Total Number of Units
10,171 (as of 2020)
Part-Time / Full-Time
Full Time
Stock Ticker Symbol
HRB
How Much Does It Cost To Open A H&R Block Franchise?
There are several costs associated with opening a H&R Block franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a H&R Block franchise. The weekly fee for opening a H&R Block franchise is Royalty Fee Is Payable Within 30 Days After The End Of Each Reporting Period For The Previous Reporting Period.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (H&R Block Is Renewable) and does the franchise offer financing support (H&R Block H&R Block offers no financial support).
H&R Block Company Details
Here are some additional details about H&R Block.
| Initial Investment | $2,500 |
| Royalty Fee | 30% |
| Term of Agreement | 10 years |
| Absentee Ownership | No |
| Run from Home | No |
| Part Time | No |
Training and Support Offered By H&R Block
H&R Block offers several support options to its franchisees. With 10,171 (as of 2020) units, H&R Block aims to provide support to each franchise owner to help them operate a successful franchise location. H&R Block offers 16 hours on the job training, 22 hours classroom training, and Regional training, year-round; ongoing online training additional training.
Training and Support Offered
Here are the support options offered by H&R Block.
| On-The-Job Training | 16 hours |
| Classroom Training | 22 hours |
| Additional Training | Regional training, year-round; ongoing online training |
| Ongoing Support |
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| Marketing Support |
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| Estimated Revenue | $1B to $10B |
Is H&R Block Right For You?
H&R Block has gone digital! Here are all of the ways you can find H&R Block online. Oftentimes, you can reach out to current franchisees of H&R Block online. Current franchisees may be able to offer personalized insights into what it is like owning a H&R Block franchise and offer tips to running a successful H&R Block franchise location.
Why Should You Start a H&R Block Franchise?
Investing in a Tax franchise such as H&R Block can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about H&R Block franchise and we'll be in touch soon!
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