From the filings

Mandated tech stackHQ-led decisions

Toro Taxes

Financial services

Software purchasing at Toro Taxes is controlled at the headquarters level, with Chief Executive Officer Nick Maldonado and Chief Financial Officer Emma Melendez identified as key executives in the 2026 FDD. The franchise mandates specific bookkeeping services software, Business Division Services, and tax preparation software across its 194-unit system. With 192 franchised locations and an average unit volume of $68,227.21, the addressable market for compliant, integrated tools is concentrated but clearly defined.

For software vendors selling into US franchise brands.

Live signals

Total units
194
192 franchised
Unit growth YoY
—
vs prior filing
AUV
$68K
Item 19, 2026
Royalty
10%
of gross sales
Ad fund
2%
national + local
Initial fee
$40K
per unit
Investment range
$18K–$79K
all-in, Item 7
Procurement
Approved supplier
from the filing
Non-compete
3 years
from the filing
Item 19
Claims
from the filing

Ongoing fee load

What the operator pays every month

The recurring percentage of gross sales named in this filing, before rent, labour or any technology fee.

12%of gross sales (FY2026)

Ongoing fees: 12% of gross sales (FY2026)Royalty 10%, Ad fund 2%. Total 12% of gross sales. Drawn against a 15% reference scale.

15% reference

Royalty 10%Ad fund 2%

Franchisor behaviours

What the franchisor requires

28 requirements the franchisor states in this filing, each in its own words; 1 explicit no; 5 questions the text does not settle, which is not a no.

Accounting

Must the franchisee use an accounting or bookkeeping system designated or approved by the franchisor?

Yes

Item 8

and Business Services Software – You must exclusively utilize our designated provider(s) 33 Toro Taxes FDD April 20, 2026 of accounting, bookkeeping, and business services software.

Does the franchisor have direct or independent electronic access to the franchisee's financial, sales or customer records?

Yes

Franchise agreement

At all times, Franchisee shall provide and permit Franchisor to maintain direct and independent access to the Tax Preparation Software, Business Division Services Software, and Business Management System and the Business Management System Data and to duplicate and evaluate data the Business Management System Data.

Must the franchisee submit periodic financial statements (monthly, quarterly or annual) to the franchisor?

Yes

Franchise agreement

within 30 days of the end of each calendar month Franchisee shall submit to Franchisor monthly financial statements and other reports related to the operations of the Franchised business

How the franchisor buys

Is the franchisor or an affiliate itself a supplier of required products, services or systems?

Yes

Item 8

Currently we are the designated supplier of support and software services, including insurance and payment processing and other source restricted goods and services for the development and operation of your Office but we are not the only designated suppliers for the System.

Does the franchisor reserve the right to change designated suppliers or systems at any time?

Yes

Item 8

At all times we reserve the right to change, modify and/or supplement the authorized providers of Bank Products.

How much revenue did the franchisor and its affiliates earn from franchisee purchases in the last fiscal year?

531452.80

Item 8

During the fiscal year ending December 31, 2025, we earned $531,452.80 in rebates from franchisee purchases.

Does the franchisor or an affiliate receive rebates, commissions or other revenue from designated or approved suppliers?

Yes

Item 8

We and/or our affiliates may receive rebates, payments and other material benefits from suppliers based on your purchases and we reserve the right to institute and expand rebate programs in the future.

Item 8 gives this proportion in one of two shapes: separate percentages for establishing the business and for operating it, or one figure covering "establishing and operating" together. Where they are separate, answer with the operating percentage; where the passage gives only the combined figure, answer with that. What percentage of the franchisee's purchases must come from designated or approved suppliers?

30

Item 8

approximately 30% of the on-going operating expenses of the Franchised Business

Does the franchisor charge a fee to evaluate a proposed supplier?

Yes

Item 8

We may charge you a fee equal to the costs and expenses that we incur in reviewing and evaluating an alternate supplier, product, and/or service requested by you.

Can a franchisee propose a new supplier for the franchisor's approval?

Yes

Item 8

If you want to purchase or lease a source restricted item from a supplier that has not been previously approved or designated by us in writing, you must send us a written request for approval and submit additional information, samples, and testing data that we may request.

Communications

Does the franchisor own or control the business telephone numbers, or take them over when the agreement ends?

Yes

Franchise agreement

In the event of the termination of this Agreement, for any reason, that the accounts related to all telephone numbers associated with the Franchised Business and all rights in and to the telephone numbers associated with the Franchised Business, shall, at Franchisor’s election, be transferred to Franchisor.

Franchise management

Does the franchisor conduct periodic inspections, audits or evaluations of the franchised business?

Yes

Franchise agreement

Franchisor has the right at any and all times during business hours, throughout the terms of this Agree and without prior notice to Franchisee, to inspect Franchisee’s Office.

Can the franchisor change the operations manual and brand standards unilaterally?

Yes

Item 11

At all times, we reserve the right to supplement, modify and update the Manuals.

Must the franchisor approve the franchisee's site or location before opening?

Yes

Item 11

Although you are responsible for selecting a site for your Office Location you must obtain our approval of your Office Location.

Marketing

Is the franchisee prohibited from operating its own website or social media accounts, or required to use pages the franchisor provides?

Yes

Item 11

You may not use any websites, web-based media or digital media unless expressly approved by us in writing.

Is the franchisee required to spend a minimum amount on local advertising or marketing, as a percentage of sales or a fixed amount?

Yes

Item 11

You must contribute on a weekly or monthly basis in amounts equal to 5% of your Gross Sales from Bank Product Transactions plus $15 per business tax return per month in connection with the Business Division Services provided if you elect to

Must the franchisee participate in a customer loyalty or rewards program?

Yes

Item 11

You will also be required to utilize those customer reward programs and systems that we designate.

Must the franchisee participate in a regional advertising cooperative when one exists?

Yes

Franchise agreement

If Franchisee’s Office or Designated Territory is located within the geographic area of an Advertising Cooperative, franchisee must participate in and contribute to the Advertising Cooperative.

Operations

Must the franchisee buy products from a designated distributor?

Yes

Franchise agreement

(c) exclusively purchase all System Supplies, including, but not limited to, merchandise, inventory, and supplies, from Franchisor or Franchisor’s designated suppliers;

Must equipment be purchased from designated or approved suppliers?

Yes

Item 8

You may only use those products, supplies, equipment, technology systems, and services that we authorize and designate in writing.

Payments

Are royalties and other fees collected by automatic bank debit (ACH or electronic funds transfer) from the franchisee's account?

Yes

Item 6

All fees payable to us shall be payable subject to our specification and instruction, including, but not limited to, our election to have all fee automatically drafted from your business bank account or automatically debited or charged to your business bank account.

People

Does the franchisor require minimum staffing levels or specific roles?

Yes

Item 15

At all times, your Office must be managed and supervised on-site by either a Managing Owner or Operating Manager.

Must employees wear uniforms specified by the franchisor?

Yes

Item 11

For the protection of the System, you must ensure that all employees wear and maintain the proper uniforms with our approved System branded apparel and uniforms including, but not limited to, the apparel and uniforms comprising System Supplies.

Point of sale

Must the franchisee use a specific point-of-sale system designated or approved by the franchisor?

Yes

Item 11

You must utilize the computer systems and point of sale systems that we specify and designate.

Does the franchisor have independent access to the data in the franchisee's POS or computer system?

Yes

Item 11

We will have access to all of the information and data that is electronically collected and stored on your computer systems and point of sale system and, as such, will have access to all data related to the sales, customer orders, customer information and financial performance of your Office.

Sales and CRM

Must the franchisee use a CRM system designated or approved by the franchisor?

Yes

Franchise agreement

“Business Management System” refers to and means the software, internet, web based and/or cloud based system or systems, point of sale system or systems and customer relationship management system or systems as same may be individually, or collectively, designated by Franchisor, in Franchisor’s Reasonable Business…

Training

Can the franchisor charge the franchisee for additional, refresher or remedial training?

Yes

Franchise agreement

Franchisee or, if Franchisee is a Corporate Entity, Franchisee’s Managing Owner and Manager, at Franchisee’s sole cost and expense, must attend and successfully complete all refresher training courses or system-wide training courses, additional training programs and seminars as Franchisor periodically may designate…

Is attendance at an annual convention or conference mandatory for the franchisee?

Yes

Item 6

You or your Managing Owner must attend the conference on the dates and at the location that we designate.

The filing answers no to 1 question
  • Is a minimum grand opening advertising spend required?Franchise agreement

The vendor opportunity at Toro Taxes

Toro Taxes operates 194 total units, with 192 of those franchised and only 2 company-owned. The system is small and geographically concentrated, with all 6 mapped operators located in Nevada. This creates a tight, single-state footprint for software vendors, but one with a clear mandate for specific technology tools. The average unit volume sits at $68,227.21, and franchisees pay a 10% royalty on gross revenue. For a vendor, the immediate addressable market is those 192 franchised locations, all of which must comply with the franchisor's technology requirements. The lack of multi-unit operators—every mapped operator runs a single unit—means sales cycles will involve many individual owner decisions, though the mandated tech stack suggests HQ holds significant sway over which tools get adopted.

Who controls software purchasing

The 2026 Franchise Disclosure Document names five key individuals in Item 1. Nick Maldonado serves as Chief Executive Officer, Antonia Andrade is Chief Operations Officer and Certified Franchise Executive, Emma Melendez holds the Chief Financial Officer role, Carlos Maldonado is President of Franchise Development, and Celsa N. Arbaiza acts as an Area Representative. For a software vendor, the most relevant buying center likely includes the CEO and CFO, given the financial and operational nature of the mandated tools. The presence of a CFO suggests budget authority sits at the HQ level, and the COO likely influences operational software choices. There is no CIO or CTO listed, which is common in systems of this size and means the CEO or CFO may directly evaluate technology vendors.

Mandated and current tech stack

Item 11 of the FDD mandates three categories of technology. Franchisees must use bookkeeping services software, a system identified as Business Division Services, and tax preparation software. The specific vendor names for the bookkeeping and tax preparation tools are not disclosed in the available extracts, but the mandate itself is explicit. This means any software that touches accounting, tax workflow, or the Business Division Services platform must either integrate with or replace an existing mandated solution. Vendors selling adjacent tools—such as CRM, document management, or client portals—should investigate whether integration with Business Division Services is required or merely preferred. The absence of a named POS system suggests that point-of-sale or payment processing may be open, but this should be verified against the full FDD.

Procurement, renewals, and timing

Item 8 procurement signals were not included in the available data, so it is unknown whether Toro Taxes uses a designated supplier model, an approved supplier list, or an open procurement process. This is a critical gap for any vendor planning an outreach strategy. On renewals, Item 17 provides more clarity. Franchise agreements run for an initial term of 10 years. To renew, a franchisee must provide 180 days' written notice, sign the then-current form of Franchise Agreement, pay a renewal fee, remodel and upgrade the office to meet current standards, and secure the legal right to the premises. Owners must also personally guarantee the renewal agreement, which may contain materially different terms. For software vendors, the renewal cycle creates a predictable window: franchisees approaching the end of their 10-year term will be required to upgrade their office to current standards, which likely includes technology. Tracking when units were first opened can help time outreach to coincide with these mandatory refresh periods.

How to read the Toro Taxes FDD

The 2026 FDD is the primary source for understanding Toro Taxes' technology mandates, procurement rules, and decision-making structure. Item 1 lists the executives who control purchasing. Item 11 details the mandated bookkeeping, Business Division Services, and tax preparation software. Item 17 outlines the 10-year renewal cycle and the conditions that may force technology upgrades. The embedded PDF viewer below contains the full document. Pay close attention to any supplier designations in Item 8, which were not extracted here but will determine whether you need franchisor approval to sell into the system. For a ranked target list of franchise systems that match your software's ideal customer profile, FranCloud can help you prioritize based on tech mandates, unit counts, and decision-maker access.

Questions vendors ask

Toro Taxes, answered from the filing

The FDD lists Nick Maldonado (CEO) and Emma Melendez (CFO) as key executives. Given the mandated tech stack, purchasing decisions likely involve financial and operational leadership at the headquarters level.
The 2026 FDD mandates bookkeeping services software, a system called Business Division Services, and tax preparation software. Specific POS or operational platforms beyond these are not disclosed.
There are 194 total units: 192 franchised and 2 company-owned. The operator footprint is concentrated, with 6 mapped operators across approximately 6 located units, all in Nevada.
The procurement model is not detailed in the available FDD extracts. Item 8 signals regarding designated or approved suppliers were not disclosed, so the specific restrictions remain unknown.
Initial franchise terms are 10 years. Renewals require 180 days' written notice and signing the then-current agreement. Contract windows may align with these renewal cycles, though recent unit growth data is not available.
The 2026 FDD was filed with state franchise regulators. You can review the full document in the embedded PDF viewer below to analyze Item 11 tech mandates and Item 17 renewal conditions directly.
Source

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Toro Taxes2026 FDDView only

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The brands you can actually sell into, from the filings.

Operator footprint

Who runs the locations

3 operators run 6 mapped locations. 3 of them are multi-unit. Aggregate counts from the filing; no names.

Operators by units owned

2–9 units3

Top states by locations

NV6

Ownership

The portfolio behind Toro Taxes

unknown of los taxes franchise.

Related Financial services brands

Primary franchise filings · updated June 2026. Every figure is source-traceable and QA-checked.