Toro Taxes Franchise Ranked Top Franchise in Entrepreneur’s Highly Competitive Franchise 500®

Las Vegas, Nevada – TORO TAXES FRANCHISE has been recognized as one of the Top 500 franchises in Entrepreneur’s Franchise 500®, the world’s first, best and most comprehensive ranking of franchises. The 43rd annual Entrepreneur Franchise 500® is a highly sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchisees, the 2022 Franchise 500® ranks TORO TAXES FRANCHISE 396th for outstanding performance in areas such as unit growth, financial strength and stability, and brand strength.

“The past year has been one of the toughest for businesses in recent memory, which has made building our 43rd annual Franchise 500 list more enlightening than ever,” says Jason Feifer, Entrepreneur Editor-in-Chief. . “The companies named to this year’s list have shown us how being resilient, supportive and agile can help meet extraordinary challenges and also underscore the courage and innovation that define entrepreneurship.”

In Entrepreneur’s ongoing effort to better understand and assess the ever-changing franchise market, the company’s 43-year-old ranking formula also continues to evolve. The editorial team researches and evaluates several factors that go into the rating, including cost and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise receives a cumulative score based on an analysis of over 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranked order.

Over its 43-year history, the Franchise 500® has become both a dominant competitive metric for franchisors and a primary research tool for potential franchisees. TORO TAXES FRANCHISE’s position in the rankings speaks to its strength as a franchise opportunity.

To see TORO TAXES FRANCHISE in the full ranking, go to www.entrepreneur.com/franchise500. The results can also be found in the January/February 2022 issue of Entrepreneur, available on newsstands on January 11.

Toro Taxes was originally founded by Nick Maldonado (CEO) and Oscar Toro (COO) in Las Vegas Nevada in late 2009. Entering the franchise world in 2014, they quickly expanded to over 100 locations in 9 states, becoming the largest and youngest Latin American tax franchise in the nation.

In early 2019, Toro Taxes merged with Los Taxes, the first Latin American tax franchise in the United States founded by Javier Solis, who is currently the East Coast COO on Toro’s management team. Taxes. Together, the two companies instantly grew their territories to approximately 140 locations encompassing 17 states, becoming the largest Latino franchise in any industry.

Their merger and combined resources caught the attention of the industry, raising several million dollars in investment capital.

Today, the company has more than 200 locations in more than 23 states. Over 25 new franchisees have committed to new locations in the last 30 days alone. These new businesses are expected to open by 2022 in various new territories across the country.

What’s the secret ? They created a sophisticated infrastructure and a repeatable business model; then introduced it to the underserved and niche Latin American market.

Toro Taxes has created a system for aspiring entrepreneurs to join the multi-billion dollar tax industry without any experience or accounting knowledge requirements. This ability is accredited with their sister company “LatinX Training Centers”. Using the same existing training platforms previously reserved for Toro Tax franchisees, now open to the public with eleven schools located in key territories and online for the rest of the country. Learn more about: www.torotaxesfranchise.com, or call 1-800-Toro-Tax

###

Contact: [email protected]

Comments are closed.