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News Briefs

By ALM Staff | Law Journal Newsletters |
September 25, 2009

H&R Block to Convert Up to 500 Company Units to Franchises

H&R Block has had “a strong initial response” to a refranchising program announced in September that could result in the sale of as many as 500 company-owned offices across the nation. H&R Block is offering offices across the nation, mostly in suburban or rural locations, as well as about 70 offices in the New York City, Los Angeles, and Houston metro areas.

“We've fielded a number of inquiries from people already inside the tax business and those interested in exploring taxes as a business opportunity,” Ken Treat, senior vice president, franchise development, told FBLA, adding that entrepreneurs with tax experience are the company's targeted buyers. “Some of our existing franchisees are also very interested in expanding their operation.”

Selection of offices to be sold is based on H&R Block's assessment of its potential as an office that is best served by having an entrepreneur who is “fully integrated into the community,” said Treat, adding that “franchisees have long been an important part of our growth and our brand ' We expect our operators to put in full-time best efforts to running the tax business.”

H&R Block to Convert Up to 500 Company Units to Franchises

H&R Block has had “a strong initial response” to a refranchising program announced in September that could result in the sale of as many as 500 company-owned offices across the nation. H&R Block is offering offices across the nation, mostly in suburban or rural locations, as well as about 70 offices in the New York City, Los Angeles, and Houston metro areas.

“We've fielded a number of inquiries from people already inside the tax business and those interested in exploring taxes as a business opportunity,” Ken Treat, senior vice president, franchise development, told FBLA, adding that entrepreneurs with tax experience are the company's targeted buyers. “Some of our existing franchisees are also very interested in expanding their operation.”

Selection of offices to be sold is based on H&R Block's assessment of its potential as an office that is best served by having an entrepreneur who is “fully integrated into the community,” said Treat, adding that “franchisees have long been an important part of our growth and our brand ' We expect our operators to put in full-time best efforts to running the tax business.”

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