Supply Inventory
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Upon ordering

Paramount Tax & Accounting

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our take
5. Additional Resources

1. Franchise Snapshot

Why this franchise?
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Franchise Status
Active
Basic Information
Industry
Business & Professional Services
Category
Accounting & Bookeeping
Investment Range
$74,100 - $166,000
Total US Locations
74
Franchise Units
72
Founding Year
2008
Started Offering Franchises
2018
Management Capacity
Owner Operator
Job Count
3
Prior E2 Investors?
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Prior Visa Franchise Clients?
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Royalty Fee
10%
Marketing Fee
N/A
Franchise Fee
$40,000
Headquarters (City, State)
Draper, UT
Square Footage
100 - 100
Retail Location?
Yes
Agreement Term Length
10 Years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

2. Franchise Overview

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Overview

Paramount is a professional tax and accounting firm that utilizes licensed professionals such as CPAs, EAs and Attorneys to provide value to individuals and businesses throughout the United States. They offer a broad range of accounting firm services. Through dedication to the three underlying principles of professionalism, responsiveness & quality, Paramount is committed to providing outstanding service to its clients.

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Management team / founders

Paramount Tax was founded by John Wilhelm, its CEO and CFO who have served in both positions since its inception. Wilhelm has been a CPA for over twenty years. He was a business major at BYU and USC, and has served as a CFO-at-large for a number of companies prior to founding Paramount. With extensive experience in both the taxing industry as well as with franchising overall, Wilhelm has become more than well prepared to provide its incoming franchisees with all the support and guidance required so as to ensure their franchise's success.

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Focus of owner for daily business operations

As an Paramount Taxing operator, the main facets of the business entail: 1. Managing your staff; 2. Attracting and retaining clients; 3. Conducting local marketing efforts to attract and retain clients; 4. Review of financials, business metrics and marketing.

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
10%
9%
6%
Marketing Fee
Franchise Fee
$40,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$3,196
$3,618
Upon signing franchise agreement
Real Estate / Rent (3 months + deposit)
$3,196
$3,618
Upon signing lease
Utilities (setup + 3 months)
$3,196
$3,618
Upon ordering
Utilities (setup + 3 months)
$3,196
$3,618
As incurred
Initial Marketing
$3,196
$3,618
As incurred
Startup Package
$3,196
$3,618
Upon ordering
Furniture, Fixtures, Equipment
$3,196
$3,618
As incurred
Insurance
$3,196
$3,618
Upon ordering
Signage
$3,196
$3,196
Upon ordering
Office Expenses
$3,196
$3,618
As incurred
Licenses and Permits
$3,196
$3,618
Upon application
Dues and Subscriptions
$3,196
$3,618
As incurred
Professional Fees (lawyer, accountant, etc.)
$3,196
$3,618
As incurred
Travel, Lodging, Meals for Initial Training
$3,196
$3,618
As incurred
Additional Funds (first 3 months)
$3,196
$3,618
Varies
Total Estimated Initial Investment:
$3,196
$3,618
$3,196
$3,618
$3,196
$3,618
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
2021
+16
18
34
Franchised
2022
34
34
+27
2023
34
72
+27
2021
1
1
+27
Company-Owned
2022
1
2
+1
2023
2
2
0
2021
20
35
+15
2022
35
47
+12
2023
47
74
+27
Total Outlets
-
-
-
-
-
-
-
-
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
0
0
0
0
0
0
0
0
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
-
10 Year Cumulative Defaults
-
3 Year Predicted Default Rate
-
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Historical financial performance representations
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
1.30%
% of Franchisees with Completed Litigation
1.30%
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.