Paramount Tax & Accounting Franchise FDD, Profits & Costs (2025)

Paramount Tax & Accounting is a professional services franchise specializing in tax preparation and accounting solutions for individuals and businesses. Founded in 2008 in Draper, Utah, the company has established its headquarters in the same city.
Recognizing the potential for growth and the demand for quality financial services, Paramount began offering franchise opportunities in 2015. The franchise provides a comprehensive range of services, including tax planning and preparation, bookkeeping, payroll management, and financial consulting.
What sets Paramount apart from competitors is its commitment to personalized client service, combined with a proven business model that emphasizes efficiency and accuracy.
Initial Investment
How much does it cost to start a Paramount Tax & Accounting franchise? It costs on average between $72,000 – $157,000 to start a Paramount Tax & Accounting franchised facility.
This includes costs for office setup, equipment, software, and initial operating expenses. The exact amount depends on various factors, such as the size of the office, the location, and whether the franchisee chooses to lease or purchase the property.
Type of Expenditure | Amount |
---|---|
Initial Franchise Fee | $40,000 – $40,000 |
Real Estate / Rent | $0 – $3,000 |
Utilities | $0 – $1,000 |
Leasehold Improvements | $0 – $10,000 |
Market Introduction Program | $0 – $5,000 |
Startup Package | $20,000 – $25,000 |
Furniture, Fixtures, and Equipment | $0 – $5,000 |
Insurance | $500 – $3,500 |
Signage | $300 – $3,000 |
Office Expenses | $0 – $2,000 |
Inventory | $500 – $2,000 |
Supply Inventory | $100 – $2,000 |
Licenses and Permits | $0 – $1,000 |
Dues and Subscriptions | $700 – $2,000 |
Professional Fees | $0 – $3,000 |
Travel, Lodging, and Meals for Training | $0 – $4,000 |
Additional Funds (First 3 Months) | $10,000 – $45,500 |
Total | $72,100 – $157,000 |
Average Revenue (AUV)
How much revenue can you make with a Paramount Tax & Accounting franchise? A Paramount Tax & Accounting franchised business makes on average $104,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $132,000 yearly revenue for similar tax franchises. Below are a few Paramount Tax & Accounting competitors as a comparison:
Paramount Tax & Accounting Franchise Disclosure Document
Frequently Asked Questions
How many Paramount Tax & Accounting locations are there?
As of the latest data, Paramount Tax & Accounting operates over 95 franchise locations across more than 20 states in the United States. All these locations are independently owned and operated by franchisees.
What is the total investment required to open a Paramount Tax & Accounting franchise?
The total investment required to open a Paramount Tax & Accounting franchise ranges from $72,000 to $157,000.
What are the ongoing fees for a Paramount Tax & Accounting franchise?
The ongoing fees for a Paramount Tax & Accounting franchise include a royalty fee of 7% of gross revenue, which contributes to continued support and development from the franchisor.
In addition, franchisees are required to pay a marketing fee of 2% of gross revenue, which supports national and regional advertising efforts to promote the brand and attract clients.
What are the financial requirements to become a Paramount Tax & Accounting franchisee?
To become a Paramount Tax & Accounting franchisee, candidates must meet certain financial requirements. A minimum net worth of $100,000 is required to demonstrate financial stability and the ability to support the business.
Additionally, prospective franchisees must have at least $50,000 in liquid capital available to cover initial costs and operating expenses.
How much can a Paramount Tax & Accounting franchise owner expect to earn?
The average gross sales for a Paramount Tax & Accounting franchise are approximately $0.1 million per location. Assuming a 15% operating profit margin, $0.1 million yearly revenue can result in $15,000 EBITDA annually.
Who owns Paramount Tax & Accounting?
Paramount Tax & Accounting is owned by Josh Dalton, who founded the company to provide professional tax and accounting services through a franchise model.
Disclaimer
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