Expense Reduction Analysts, Inc. vs Liberty Tax Service
Compare franchise fees, investment range, royalties, SBA lending performance, unit growth, and Item 19 transparency with a permanent shareable URL.
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Expense Reduction Analysts, Inc.
Financial Services
Investment
$76K to $106K
Franchise fee
$69,900
Item 19 status
Cost Data Only
Units
144
Liberty Tax Service
Financial Services
Investment
$50K to $71K
Franchise fee
$25,000
Item 19 status
Cost Data Only
Units
1,813
Lower entry cost
Leans right
Based on minimum initial investment.
Better disclosed economics
Even
Uses Item 19 availability and transparency status.
Lower SBA default risk
Leans right
Treat low-loan brands carefully, sample size matters.
| Metric | Expense Reduction Analysts, Inc. | Liberty Tax Service |
|---|---|---|
Franchise Fee | $69,900 | $25,000 |
Min Investment | $76K | $50K |
Max Investment | $106K | $71K |
Royalty Rate | 15.0% | 14.0% |
Ad Fund Rate | 3.0% | 5.0% |
Total Ongoing Burden Royalty plus ad fund when available. | 18.0% | 19.0% |
Median Revenue (Item 19) | $219K | $132K |
Cash-on-Cash Return Estimated when revenue and margin assumptions are available. | 16.9% | 13.1% |
Payback Period | 5.9 yrs | 7.6 yrs |
Revenue per Dollar Invested | 2.41x | 2.18x |
Franchised Units | 144 | 1,813 |
1-Year Net Unit Change | -9 | -121 |
Net Unit Growth Rate | -6.6% | -6.1% |
Net Closure Rate Net closure proxy based on disclosed unit change. | 5.9% | 6.3% |
SBA Default Rate | 100.0% | 10.0% |
SBA Loan Count Use this to judge whether SBA default data is statistically meaningful. | 7 | 174 |
Average SBA Loan Size | $133K | $213K |
Item 19 Status | Cost Data Only | Cost Data Only |
Has Item 19 | ✓ Yes | ✓ Yes |
Data Quality Score | 100 | 100 |
What stands out
- • Expense Reduction Analysts, Inc. opens at $76K to $106K, while Liberty Tax Service ranges from $50K to $71K.
- • Expense Reduction Analysts, Inc. shows an Item 19 disclosure; Liberty Tax Service shows an Item 19 disclosure.
- • Expense Reduction Analysts, Inc. has 144 franchised units versus 1,813 for Liberty Tax Service.
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Last updated: April 2026