Toro Taxes franchise
A tax preparation business filing individual and business returns. At the end of 2025 there were 194 Toro Taxes locations in the US, 192 franchised and 2 company-owned.
- Cost to open
- $18K–$79K
- Franchise fee
- $40,000
- Royalty
- Transaction-based royalties; seasonal minimums
- Locations, 2025
- 194+9 in 1 yrs
Compare with similar brands Estimate your costs
Company snapshot
- SBA loans
- Not on the SBA Franchise Directory
From Toro Taxes Franchise, LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
How much a Toro Taxes franchise costs
Opening one Toro Taxes costs an estimated $17,835 to $79,150. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Toro Taxes Franchise, LLC, 2026 filing, page 36
Toro Taxes franchise fee
The franchise fee is $40,000. You pay it when you sign the franchise agreement.
Source: Toro Taxes Franchise, LLC, 2026 filing, page 20
Royalty and ongoing fees
| Royalty | Individual returns carry 10% of specified bank-product gross sales or $30 per non-bank-product transaction, subject to tax-season minimums. Business services have separate per-return fees. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Toro Taxes Franchise, LLC, 2026 filing, page 21
Sales and earnings
Shares figures Toro Taxes publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Toro Taxes Franchise, LLC, 2026 filing, page 66
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 181 (−2) | 14 | 5 |
| 2024 | 205 (+24) | 14 | – |
| 2025 | 192 (−13) | 2 | – |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Source: Toro Taxes Franchise, LLC, 2026 filing, page 72
How Toro Taxes compares
Of the 8 tax franchises on this site, Toro Taxes is the cheapest to open and the 4th largest by number of locations.
| Measure | Toro Taxes | Typical tax |
|---|---|---|
| Cost to open, low end | $18K | $54K |
| Closed or left per year | 2.7% | 9.7% |
| Change in franchised locations, 1 yrs | +4.9% | +4.9% |
| Shares earnings figures | Yes | 6 of 8 |
Typical is the median across the 8 brands in tax franchises.
