Las Vegas, Nevada – TORO TAXES FRANCHISE was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. 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 as # 396 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“The past year has been one of the most challenging for businesses in recent memory, which made putting together our 43rd annual Franchise 500 list more enlightening than ever,” says Entrepreneur Editor in Chief Jason Feifer. “The companies named to this year’s list showed us how being resilient, supportive, and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 43-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 43 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. TORO TAXES FRANCHISE’s position on the ranking is a testament to its strength as a franchise opportunity.
To view TORO TAXES FRANCHISE in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2022 issue of Entrepreneur, available on newsstands January 11th.
Toro Taxes was originally founded by Nick Maldonado (CEO) & Oscar Toro (COO) in Las Vegas Nevada late 2009. Entering the franchise world in 2014, they quickly expanded to over 100 locations across 9 states becoming the largest & youngest Latino Tax Franchise in the nation.
In early 2019, Toro Taxes merged with Los Taxes, the First Latino Tax Franchise in the USA founded by Javier Solis, who’s currently the East Coast COO on the Toro Taxes executive team. Together, the two companies instantly increased their territories to approximately 140 locations encompassing 17 states becoming the largest Latino Franchise of any industry.
Their merger and combined resources captured the industries attention resulting in the raising of several million dollars in investment capital.
Now the company has grown to over 200 locations in over 23 states. Over 25 new franchisees have committed to new locations in the last 30 days alone. These new businesses are scheduled to open by 2022 in various new territories throughout the country.
What’s the secret? They created a sophisticated infrastructure and replicable business model; then introduced it to the underserved and niche Latino Market.
Toro Taxes has created a system where aspiring entrepreneurs can join the multibillion-dollar tax industry with no experience or accounting background requirements. This ability is accredited to their sister company “LatinX Training Centers”. Using the same existing training platforms previously available only to 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 at: www.torotaxesfranchise.com, or call 1-800-Toro-Tax
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