Tax preparation company Jackson Hewitt Tax Service said Thursday that it has seen strong franchise sales results during the key May to November period in 2016.
The Jersey City-based company said in a news release that it has added 36 new franchise groups during that time frame, which combined to purchase more than 125 new and existing franchise territories. The addition of franchisees during May to November enabled the stores to be open and operating for the 2017 tax season beginning Jan. 2.
“Franchisees are the backbone of our business,” David Prokupek, co-CEO, said in a prepared statement. “We are excited about this year’s growth because, the more we expand our footprint, the more hardworking Americans we can help make smart decisions about their taxes and their money.”
The added franchises fueled business growth, Jackson Hewitt added.
“We brought in many outstanding new franchisees (last) year that contributed to one of our strongest sales campaigns in the last decade,” Duane Mora, senior vice president of franchise sales, said in a prepared statement. “With our positive business results, we plan to eclipse that number this year.”
The company said it posted gains in both market share and same-store sales, as well as seeing 13 percent new client growth.
It also built upon its partnerships with Walmart and American Express, including opening nearly 3,000 season tax preparation kiosks in Walmart stores in December.