Franchise Group, Inc. (NASDAQ:FRG) was founded in 1996, formerly known as Liberty Tax, Inc. (formerly NASDAQ:TAX), and formerly known as JTH Holding, Inc., in July 2014 It was changed to Liberty Tax, headquartered in Virginia Beach, Virginia, USA, with 795 full-time employees. Together with its subsidiaries (Liberty Tax Service, etc.), it provides tax planning services and solutions in the United States and Canada .
Franchise Group, Inc. (FRG):
The franchise group is the operator and acquirer of franchise and franchise companies that can use its operational expertise to expand. The franchise group owns and operates the Liberty Tax Service, Buddy’s Home Furnishings and Sears Outlet businesses.
1. Liberty Tax Service
Liberty Tax Service is the third largest tax planning franchise company in the United States. The company started in Canada in 1997, when John Hewitt, co-founder of Jackson Hewitt, acquired the Canadian tax franchise U&R Tax Depot. In 1998, the company became Liberty Tax Service and opened five offices in the United States.
Liberty Tax Service operates in the United States and Canada, and has prepared approximately 1.8 million individual income tax returns in more than 3,100 offices and online. In addition to tax planning services and solutions, Liberty Tax Service also provides tax refund tax settlement financial products, such as tax refund transfer products, refund loans and personal income tax refund discounts, as well as online digital self-service tax plans in the United States.
Liberty Tax Service’s customers are mainly individuals. They seek the help of tax preparation services because of the complexity of tax filing, convenience or timely tax refunds.
Liberty Tax Service provides its products and services through all offices and franchise networks of companies under the Liberty Tax, Liberty Tax Service, Liberty Income Tax, Liberty Canada and SiempreTax+ brands.
2. Buddy’s Home Furnishings
Buddy’s Home Furnishings is a specialty retailer that franchises and operates self-leased shops that lease durable goods (such as electronics, residential furniture, home appliances and household accessories) to customers on their own leases. Buddy’s Home Furnishings operates nearly 300 locations mainly through franchising.
Three, Sears Outlet
A retailer focused on providing customers with in-store and online access to a wide range of new products, unpacked products, discontinued products, refurbished products, inventory, and scratch and dent products. Commodity categories, including household appliances, lawn and garden equipment, clothing, mattresses, sporting goods and tools, are priced significantly below the list price. Sears Outlet (Sears Outlet) operates in 125 regions.