Toro Taxes
Key figures
| Initial franchise fee | $5,000 |
| Total investment (Item 7) | $17,835 – $79,150 |
| Royalty (Item 6) | 10% of gross sales |
| Headquarters state | NV |
| Legal name (Item 1) | Toro Taxes Franchise, LLC |
| FDD issuance date | 2026-04-20 |
| Franchised units (Item 20) | 192 (Item 20, p.72) |
| Brand website | https://www.torotaxes.com |
About Toro Taxes
We created an easier way for Individuals to eventually own a franchise by allowing them to start with a low investment while they build a book of business and later convert to a Franchise. For only $1,000 you can start your own Mobile Tax Office. Our monthly bookkeeping service allows franchisees to generate income year-round, beyond tax season. This service attracts entrepreneurs and business owners who need constant financial organization, turning your office into a key hub for local busine...
Due diligence dossier
Every figure below is as disclosed in this brand's own FDD, with its FDD citation. FranchiseKI adds no analysis and estimates nothing.
Unit history (Item 20)
| Year | Franchised | Company-owned | Total |
|---|---|---|---|
| 2023 | 181 | 14 | 195 |
| 2024 | 205 | 14 | 219 |
| 2025 | 192 | 2 | 194 |
Source: Item 20, p.72 of the brand's FDD.
Risk & history facts
| Closures in the last 3 years | 69 (Item 20, p.70 of the FDD) |
| Transfers in the last 3 years | 21 (Item 20, p.66 of the FDD) |
| Litigation matters disclosed (Item 3) | 4 (Item 3, p.15 of the FDD) |
| Bankruptcy (Item 4) | No bankruptcy disclosed (Item 4) (Item 4, p.16 of the FDD) |
Litigation summary (Item 3): Disclosed matters include a settled arbitration for rescission/damages, a settled state regulatory action for unregistered franchise sales, a pending arbitration award for trade secret misappropriation, and a pending arbitration for breach of contract/fraud. (Item 3, p.18-19 of the FDD)
Ownership & operations
| Owner-operator required | Yes (Item 15, p.38 of the FDD) |
| Absentee ownership allowed | No (Item 15, p.60 of the FDD) |
| Typical time to open | 4 months (Item 11, p.29 of the FDD) |
Territory description (Item 12): The franchisor designates a territory around the approved site, generally the smaller of a one-mile radius or a population of 20,000, within which the franchisor will not open or grant another franchise, subject to reserved rights. (Item 12, p.56 of the FDD)
Training: Initial Training – Not less than 45 days prior to commencing the operations of the Franchised Business you or your Managing Owner must attend and complete our initial training program. (Item 11, p.29 of the FDD)
Ongoing support:
- Access to confidential and proprietary Manuals
- Site review, approval, and Designated Territory designation
- List of approved suppliers and distributors
- List of approved signage, equipment, furniture, and fixtures
- Website and Digital Media identification
Source: Item 11, p.46 of the brand's FDD.
Company facts
| Headquarters | Las Vegas, NV (Item 1, p.8 of the FDD) |
| Years in business | 7 (Item 1, p.8 of the FDD) |
| Years franchising | 5 (Item 1, p.8 of the FDD) |
| Parent company | NOEK LLC, NKM, LLC, Los Taxes Franchise Corp. (Item 1, p.8-14 of the FDD) |
| Initial term | 10 years (Item 17, p.61 of the FDD) |
| Renewal term | 5 years (Item 17, p.39 of the FDD) |
| Company-owned units | 32 (Item 20, p.44 of the FDD) |
| Projected new units | 45 (Item 20, p.80 of the FDD) |
Questions to ask the franchisor
Generated from what this brand's FDD data does not disclose — ask Toro Taxes directly:
- What liquid capital does the franchisor require of a new franchisee? It is not disclosed in the FDD data we hold for this brand.
- What minimum net worth does the franchisor require? It is not disclosed in the FDD data we hold for this brand.
- Does the franchisor make financial performance representations (Item 19)? If it does, ask for the average unit revenue. Ask for the median too. This FDD makes none that we could extract.
Territory — what the FDD says (Item 12)
Under this brand's Item 12 rule, you do not receive an exclusive territory. The franchisor may sell additional franchises in the same area. It may also operate company units there. Or it may sell through other channels. No area is reserved for you. No area is closed to you by another franchisee's exclusivity either. Placement is the franchisor's decision.
The FDD's own words (Item 12): “territory is NOT exclusive - the FDD states you will not receive an exclusive territory.”
Availability
Because this brand grants no exclusive territory, there are no territory-based exclusions: no area is reserved for an existing franchisee, and no area is reserved for you. Whether a new unit is placed anywhere is the franchisor's decision under Item 12.
Next steps with Toro Taxes
Put Toro Taxes on a shortlist. Compare it side by side with two other brands. Check it against your budget in the PerfectFit Quiz. Or talk it through with a vetted consultant. That conversation is free to buyers; call (385) 475-5319. Only the franchisor can confirm current terms. Only the franchisor can confirm territory availability.