Franopolis
    vs

    Franchise opportunities compared

    Liberty Tax Service vs Retirement Income Source

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Liberty Tax Service2026 FDDRetirement Income Source2025 FDD

    Initial investment · Item 7

    Liberty Tax Service

    $49,700

    2026 FDD · Item 7 · PDF p. 31

    Retirement Income Source

    $100,400

    2025 FDD · Item 7 · PDF p. 18

    Initial franchise fee · Item 5

    Liberty Tax Service

    $25,000

    2026 FDD · Item 5 · PDF p. 26

    Retirement Income Source

    $25,000

    2025 FDD · Item 5 · PDF p. 13

    Royalty · Item 6

    Liberty Tax Service

    14%

    2026 FDD · Item 6 · PDF p. 27

    Retirement Income Source

    0%

    2025 FDD · Item 6 · PDF p. 13

    Before you compare

    • Liberty Tax Service figures come from its 2026 FDD and Retirement Income Source figures from its 2025 FDD, so the years differ.
    • Only Liberty Tax Service has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Liberty Tax Service

    $49,700
    Charge As incurred Suppliers, Utilities, etc. TOTAL FOR A SINGLE FRANCHISE AGREEMENT — 49700
    2026 FDD · Item 7 · PDF p. 31

    Retirement Income Source

    $100,400
    Total initial investment
    2025 FDD · Item 7 · PDF p. 18
    Standard initial franchise fee (Item 5)

    Liberty Tax Service

    $25,000
    2026 FDD · Item 5 · PDF p. 26

    Retirement Income Source

    $25,000
    2025 FDD · Item 5 · PDF p. 13
    Royalty (Item 6)

    Liberty Tax Service

    14%
    OTHER FEES* Fee Amount Due Date Remarks Royalties — 14%
    2026 FDD · Item 6 · PDF p. 27

    Retirement Income Source

    0%
    Royalty
    2025 FDD · Item 6 · PDF p. 13
    Brand / advertising fund (Item 6)

    Liberty Tax Service

    2%
    id paying royalties and advertising fees on said returns. Holdover Fee An additional — 2% — 2%
    2026 FDD · Item 6 · PDF p. 29

    Retirement Income Source

    15%
    Marketing required spending percentage subject to $60,000 annual minimum — 15%
    2025 FDD · Item 6 · PDF p. 13

    System scale & health

    Total outlets (Item 20)

    Liberty Tax Service

    1,663
    Outlets at end of 2025
    2025 FDD · Item 20 · PDF p. 65

    Retirement Income Source

    30
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 42
    Net outlet change (Item 20)

    Liberty Tax Service

    −442
    Calculated: 2,105 at end of 2022 → 1,663 at end of 2025

    Retirement Income Source

    −1
    Calculated: 31 at end of 2022 → 30 at end of 2024
    Outlet exits (Item 20)

    Liberty Tax Service

    Not available
    No complete exit records for a year

    Retirement Income Source

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Liberty Tax Service

    1997
    From a verified franchisor listing

    Retirement Income Source

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Liberty Tax Service

    Not available
    Not in reviewed records

    Retirement Income Source

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Liberty Tax Service
    Locations counted not stated in the reviewed record
    $164,860
    other Netprepfees
    2026 FDD · Item 19 · PDF p. 60
    Retirement Income Source

    Not disclosed — no Item 19 financial performance representation

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Liberty Tax Service vs Retirement Income Source: common questions

    Which costs less to open, Liberty Tax Service or Retirement Income Source?
    Liberty Tax Service: $49,700 (2026 FDD · Item 7 · PDF p. 31); Retirement Income Source: $100,400 (2025 FDD · Item 7 · PDF p. 18). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Liberty Tax Service. Estimates are not quotes, and the FDD years may differ.
    How do Liberty Tax Service and Retirement Income Source royalties compare?
    Liberty Tax Service: 14% (2026 FDD · Item 6 · PDF p. 27); Retirement Income Source: 0% (2025 FDD · Item 6 · PDF p. 13). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Liberty Tax Service or Retirement Income Source?
    Liberty Tax Service: 1,663 (2025 FDD · Item 20 · PDF p. 65); Retirement Income Source: 30 (2025 FDD · Item 20 · PDF p. 42). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Liberty Tax Service and Retirement Income Source disclose financial performance (Item 19)?
    Liberty Tax Service has reviewed Item 19 figures for 1 location group; Retirement Income Source makes no Item 19 financial performance representation. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

    Keep researching

    Full Liberty Tax Service report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Retirement Income Source report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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    FDD glossary

    Plain-language meaning of each Item