PROPOSED PROSPECTUS
Prospectus For Financial Improvement Centers of America
("FICA LLC")
("FICA LLC")
The Company:
"FICA LLC" is a start-up company with one fully operational, self-sustaining office located at 818 Western America Drive in Mobile, Alabama. We are expanding to the Naples, Florida area and are presently seeking investors to assist with this expansion. Our intentions are to open at least 100 branches in various locations throughout the United States. We intend to have a minimum of 4 personnel working in each office during tax season and at least 2 during off season.
We specialize in Tax preparation, bookkeeping, payroll management and notary services. In addition to those services, we also offer insurance products through "Primerica Inc.", pre-paid legal and identity theft protection through "Legal Shield" as well as investment products through "Promotional Funding Partners". "FICA LLC" does not own and or operate Primerica Inc., Legal Shield or Promotional Finding Partners. Our owners are affiliates of all three companies and are able to offer these services and products as an affiliate, separate of "FICA LLC".
The Investment:
Each investment will be for one individual branch and said investor or investment group shall receive his, her or their profits from that individual branch for as long as that branch remains open. Branch sponsors, for the life of sponsored branch, shall receive 20% of the net profits of sponsored branch. In addition to those profits, each investor or investment group will also receive an annual bonus check from the net profits of all branches combined. Net profits are defined as monies left over after all branch related expenses are paid, to include but not limited to, employee salaries, rent, electric, water, phone, internet, software updates, personnel training and miscellaneous branch related expenses. All efforts will be made to keep expenses to a minimum so as to maximize profits for employees and investors alike.
The Investment Amount: $10,000 - $25,000
This covers our professionally trained staff, the initial office supplies, computers, computer desk and chairs, office furniture, signage, advertising, all necessary utility hookups and six months of utilities to include building rent. Investment amount will vary branch by branch.
The Projected Returns:
As with any investment, we cannot and do not guarantee a specific rate of return. However, our line of business is one that has been around for thousands of years worldwide. It has existed here in the United States for more than a hundred plus years and I'm confident it will continue until the end of time. That being said, we simply have to build the business, promote it, and let it thrive.
The Numbers:
It is reported that approximately 135 million people file taxes in the United States each year. Approximately 60 percent of those who file, use a professional Tax preparer like us. Thus, there are roughly 81 million clients who seek our services. Remember also, we offer more than just Tax preparation, therefore, we have the potential to turn our Tax clients into clients of some or all of our other listed services.
The Sale:
Should you decide to sell your sponsorship, if needed, we will assist you every step of the way. Using the "Profit Multiplier" method of valuing a business, and depending on when you sell, a 10k investment plus our added bonus could quickly turn into a huge payday for you and your family.
The Potential:
The possibilities are endless with a business of this nature. The potential of the Tax preparation business alone is staggering. Our goal is to have 100 branches with at least 4 employees in each branch averaging at least 2 returns a day over the 90 day Tax season with an average cost of $200.
"FICA LLC" is a start-up company with one fully operational, self-sustaining office located at 818 Western America Drive in Mobile, Alabama. We are expanding to the Naples, Florida area and are presently seeking investors to assist with this expansion. Our intentions are to open at least 100 branches in various locations throughout the United States. We intend to have a minimum of 4 personnel working in each office during tax season and at least 2 during off season.
We specialize in Tax preparation, bookkeeping, payroll management and notary services. In addition to those services, we also offer insurance products through "Primerica Inc.", pre-paid legal and identity theft protection through "Legal Shield" as well as investment products through "Promotional Funding Partners". "FICA LLC" does not own and or operate Primerica Inc., Legal Shield or Promotional Finding Partners. Our owners are affiliates of all three companies and are able to offer these services and products as an affiliate, separate of "FICA LLC".
The Investment:
Each investment will be for one individual branch and said investor or investment group shall receive his, her or their profits from that individual branch for as long as that branch remains open. Branch sponsors, for the life of sponsored branch, shall receive 20% of the net profits of sponsored branch. In addition to those profits, each investor or investment group will also receive an annual bonus check from the net profits of all branches combined. Net profits are defined as monies left over after all branch related expenses are paid, to include but not limited to, employee salaries, rent, electric, water, phone, internet, software updates, personnel training and miscellaneous branch related expenses. All efforts will be made to keep expenses to a minimum so as to maximize profits for employees and investors alike.
The Investment Amount: $10,000 - $25,000
This covers our professionally trained staff, the initial office supplies, computers, computer desk and chairs, office furniture, signage, advertising, all necessary utility hookups and six months of utilities to include building rent. Investment amount will vary branch by branch.
The Projected Returns:
As with any investment, we cannot and do not guarantee a specific rate of return. However, our line of business is one that has been around for thousands of years worldwide. It has existed here in the United States for more than a hundred plus years and I'm confident it will continue until the end of time. That being said, we simply have to build the business, promote it, and let it thrive.
The Numbers:
It is reported that approximately 135 million people file taxes in the United States each year. Approximately 60 percent of those who file, use a professional Tax preparer like us. Thus, there are roughly 81 million clients who seek our services. Remember also, we offer more than just Tax preparation, therefore, we have the potential to turn our Tax clients into clients of some or all of our other listed services.
The Sale:
Should you decide to sell your sponsorship, if needed, we will assist you every step of the way. Using the "Profit Multiplier" method of valuing a business, and depending on when you sell, a 10k investment plus our added bonus could quickly turn into a huge payday for you and your family.
The Potential:
The possibilities are endless with a business of this nature. The potential of the Tax preparation business alone is staggering. Our goal is to have 100 branches with at least 4 employees in each branch averaging at least 2 returns a day over the 90 day Tax season with an average cost of $200.
This is what that would mean for our investors and employees
One Branch
Four employees averaging at least 2 returns per day over 90 day Tax season at an average cost of $200 equals a nice return on your investment. And again, that's only one aspect of the business and does not include your bonus.
4 people x 180 returns (2 a day x 90 days) = 720 returns (2 a day for the Tax season 720 returns x $200 avg. cost = $144,000 in the 90 day Tax season.
100 Branches
4 people per branch x 100 branches = 400 people x 180 returns (2 a day x 90 days) = 72,000 returns x an avg. cost of $200 = $14,400,000 just for the 90 day Tax season.
One Branch
Four employees averaging at least 2 returns per day over 90 day Tax season at an average cost of $200 equals a nice return on your investment. And again, that's only one aspect of the business and does not include your bonus.
4 people x 180 returns (2 a day x 90 days) = 720 returns (2 a day for the Tax season 720 returns x $200 avg. cost = $144,000 in the 90 day Tax season.
100 Branches
4 people per branch x 100 branches = 400 people x 180 returns (2 a day x 90 days) = 72,000 returns x an avg. cost of $200 = $14,400,000 just for the 90 day Tax season.
The Closing:
Each Branch Sponsor will have the ability to give input regarding the daily operations of their sponsored branch but the final decision remains with "FICA LLC". Each branch sponsor, with the approval of "FICA LLC", has the right to sell all or part of any sponsorship to an approved 3rd party. "FICA LLC" reserves the right to sell all or part of any sponsored branch without notice. Should your sponsored branch be sold, "FICA LLC" will negotiate with the buyer(s) to ensure your terms remain the same or are increased in value.
Each Branch Sponsor will have the ability to give input regarding the daily operations of their sponsored branch but the final decision remains with "FICA LLC". Each branch sponsor, with the approval of "FICA LLC", has the right to sell all or part of any sponsorship to an approved 3rd party. "FICA LLC" reserves the right to sell all or part of any sponsored branch without notice. Should your sponsored branch be sold, "FICA LLC" will negotiate with the buyer(s) to ensure your terms remain the same or are increased in value.
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