TORO Taxes Franchise

TORO Taxes Franchise

Own Your Own TORO Taxes Tax Preparation Franchise

About TORO Taxes

TORO Taxes is the largest Latino tax franchise in America. We are a niche market focused tax preparation business. Our footprint currently covers over 180 offices in 23 states across the country from coast to coast.

We operate in the massive $195 Billion tax industry which has shown a steady growth of approx. 6% per year since 2012 and focus on the Latino Market which is the fastest growing demographic in the United States.

Our founders Nick Maldonado, Oscar Toro and Javier Solis had a vision to create and provide an opportunity for business-minded professionals to own their own tax preparation business without having to “recreate the wheel”.

For years they have concentrated on building and perfecting the foundation for a replicable business model. At TORO Taxes we are proud to share with our franchisees all the tools that made Toro’s original tax preparation offices so successful including our training systems, marketing platforms, additional revenue streams and brand recognition to name a few. Although we have an excellent business system, we never stop working on improving our infrastructure to help make our franchisees even more successful.

With our turn-key business model, our franchisees have the tools to expand anywhere across the United States. Whatever your goals are, we’re here to help you reach them.

TORO Taxes – Your Opportunity for Success

Build your dream business in a market that is rapidly growing and shows no sign of slowing.

Why the Tax Industry?

As tax guidelines are continually being modified, the need for the use of a Tax Professional increases. Quite simply, the Tax Industry is positioned for continued growth in years to come. Every single working person in America is a potential customer.

Why does TORO Taxes target the Latino Market?

Anyone from any ethnicity is a potential customer and we welcome everyone. However, our marketing efforts are focused on this demographic for several valid reasons:

• Latinos equal approximately 18.1% of the U.S. population and are the fastest growing demographic in the country.
• Latinos are also amongst the lowest in unemployment rates which means more of them are potential clients as taxpayers.

Here’s what Forbes has to say about Latinos and their effect on our economy:

“Unidos US, a non-partisan Latino civil rights and advocacy organization projects that in five years, Hispanics will account for about 20% of the U.S. workforce and over 30% by 2050.”

“The Hispanic community in the United States has contributed significantly to US economic growth in recent decades and will continue to do so over the next 10 to 20 years.”

“By 2025, the increase in employed Hispanic labor could contribute more to US GDP growth than non-Hispanic labor.”

In addition to the above statistics, it is estimated that there are over 12 million undocumented Hispanics who will request ITINs (Individual Tax Identification Number) and file income tax returns as a sign of good faith in furtherance of any future amnesty possibilities.

These individuals comprise an untapped segment of the market thereby resulting in a tremendously profitable opportunity for a business catering to the Latino Community.

TORO Taxes – An Underserved Market

Latinos, our target market, are the fastest growing population in the U.S. Yet, sophisticated, Latino focused Tax preparation organizations are few and far between; especially when it comes to building a brand such as TORO Taxes which has emphasized on creating a replicable business model and converting it into a franchise system that revolves around this underserved yet vast demographic.

Competition & Differentiation
Our competitors in our target markets are not HR block or Jackson Hewitt as most may think.

Most of our customers are typically serviced by smaller mom and pop shops or “multi service” businesses.

Where we differentiate is our infrastructure, our brand recognition, marketing platforms, technology, training and support systems which allow us to have more competent staff as well as the strength in numbers which collectively adds up to more buying power when it comes to vendors and marketing campaigns.

Our Business Model
At the end of the day we are a tax preparation business but in the big picture we are a franchisor who focuses on replicating our tax business franchise model, allowing other aspiring entrepreneurs to own their business without having to reinvent the wheel. Join TORO Taxes and hit the ground running!