Franopolis
    vs

    Franchise opportunities compared

    Liberty Tax Service vs Toro Taxes

    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 FDDToro Taxes2026 FDD

    Initial investment · Item 7

    Liberty Tax Service

    $49,700

    2026 FDD · Item 7 · PDF p. 31

    Toro Taxes

    $17,835 – $79,150

    2026 FDD · Item 7 · PDF p. 36

    Initial franchise fee · Item 5

    Liberty Tax Service

    $25,000

    2026 FDD · Item 5 · PDF p. 26

    Toro Taxes

    $40,000

    2026 FDD · Item 5 · PDF p. 20

    Royalty · Item 6

    Liberty Tax Service

    14%

    2026 FDD · Item 6 · PDF p. 27

    Toro Taxes

    10%

    2026 FDD · Item 6 · PDF p. 21

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Item 19 figures cover the location groups each FDD names (Liberty Tax Service: 1, Toro Taxes: 12). Different groups are not directly comparable.

    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

    Toro Taxes

    $17,835 – $79,150
    Total Estimate: $17,835 – $79,150
    2026 FDD · Item 7 · PDF p. 36
    Standard initial franchise fee (Item 5)

    Liberty Tax Service

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

    Toro Taxes

    $40,000
    2026 FDD · Item 5 · PDF p. 20
    Royalty (Item 6)

    Liberty Tax Service

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

    Toro Taxes

    10%
    Individual tax preparation royalty
    2026 FDD · Item 6 · PDF p. 21
    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

    Toro Taxes

    2%
    Global Brand Development Fund — 2%
    2026 FDD · Item 6 · PDF p. 22

    System scale & health

    Total outlets (Item 20)

    Liberty Tax Service

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

    Toro Taxes

    194
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 72
    Net outlet change (Item 20)

    Liberty Tax Service

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

    Toro Taxes

    −1
    Calculated: 195 at end of 2023 → 194 at end of 2025
    Outlet exits (Item 20)

    Liberty Tax Service

    Not available
    No complete exit records for a year

    Toro Taxes

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

    Liberty Tax Service

    1997
    From a verified franchisor listing

    Toro Taxes

    2015
    From a verified franchisor listing
    Franchisor founded (Item 1)

    Liberty Tax Service

    Not available
    Not in reviewed records

    Toro Taxes

    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
    Toro Taxes
    Locations counted not stated in the reviewed record — Operational Franchised outlets
    $220,974
    other Franchised Bank Product Returns Gross Sales High 2025
    2026 FDD · Item 19 · PDF p. 71
    Locations counted not stated in the reviewed record — company-owned outlets
    500 returns
    other Overall Returns company-owned 2025
    2026 FDD · Item 19 · PDF p. 68
    Locations counted not stated in the reviewed record — franchised outlets
    $235
    other Tax Preparation Fee Per Cash File Return franchised 2024
    2026 FDD · Item 19 · PDF p. 69
    +9 more groups in the full report

    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 Toro Taxes: common questions

    Which costs less to open, Liberty Tax Service or Toro Taxes?
    Liberty Tax Service: $49,700 (2026 FDD · Item 7 · PDF p. 31); Toro Taxes: $17,835 – $79,150 (2026 FDD · Item 7 · PDF p. 36). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Toro Taxes. Estimates are not quotes, and the FDD years may differ.
    How do Liberty Tax Service and Toro Taxes royalties compare?
    Liberty Tax Service: 14% (2026 FDD · Item 6 · PDF p. 27); Toro Taxes: 10% (2026 FDD · Item 6 · PDF p. 21). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Liberty Tax Service or Toro Taxes?
    Liberty Tax Service: 1,663 (2025 FDD · Item 20 · PDF p. 65); Toro Taxes: 194 (2026 FDD · Item 20 · PDF p. 72). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Liberty Tax Service and Toro Taxes disclose financial performance (Item 19)?
    Liberty Tax Service has reviewed Item 19 figures for 1 location group; Toro Taxes has reviewed Item 19 figures for 12 location groups. 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

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    Full Liberty Tax Service report

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

    Full Toro Taxes report

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

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    Plain-language meaning of each Item