Toro Taxes vs Liberty Tax Service
Franchise Comparison 2026
Both Toro Taxes and Liberty Tax Service are financial services franchises. Toro Taxes requires an investment of $18K – $79K while Liberty Tax Service requires $50K – $71K. In terms of revenue, Liberty Tax Service reports higher average unit revenue at $165K. Note: Reported as net sales, not gross sales. Liberty Tax Service has SBA lending data on file with a 11.7% charge-off rate. FranchiseVerdict rates Toro Taxes B (Above average) and Liberty Tax Service B (Above average).
| Metric | Toro Taxes | Liberty Tax Service |
|---|---|---|
| Verdict Grade | BAbove average | BAbove average |
| Investment Range | $18K – $79K | $50K – $71K |
| Franchise Fee | $5KConditional fee | $25K |
| Royalty Rate | The continuing Royalty Fee is an amount equal to the greater of: (a) 10% of Gross Sales from individual tax files containing a bank product (each, a “Bank Product Transaction”) and $30 for each tax file that does not contain a bank product (each, a “Non-Bank Product Transaction”); or (b) the amount of your then applicable minimum tax season Royalty Fee requirement | 14.0% |
| Average Revenue (Item 19) | $64K | $165K |
| SBA Charge-Off Rate | N/A | 11.7% (264 loans) |
| Total Units | 194 | 1,663 |
| Unit Growth (YoY) | -13 units | -149 units |
| Year Began Franchising | 2015 | 1997 |
| FDD Year | 2026 | 2026 |
Investment Range
$18K – $79K
$50K – $71K
Franchise Fee
$5KConditional fee
$25K
Royalty Rate
The continuing Royalty Fee is an amount equal to the greater of: (a) 10% of Gross Sales from individual tax files containing a bank product (each, a “Bank Product Transaction”) and $30 for each tax file that does not contain a bank product (each, a “Non-Bank Product Transaction”); or (b) the amount of your then applicable minimum tax season Royalty Fee requirement
14.0%
Average Revenue (Item 19)
$64K
$165K
SBA Charge-Off Rate
N/A
11.7% (264 loans)
Total Units
194
1,663
Unit Growth (YoY)
-13 units
-149 units
Year Began Franchising
2015
1997
FDD Year
2026
2026