Veronica's Insurance
Veronica’s Insurance franchises operate as insurance agencies and brokerages offering a wide range of products and services, including property, casualty, vehicle, home, boat, RV, business, commercial, and renter’s insurance, as well as related offerings like roadside assistance, DMV services, and travel insurance. The franchisor licenses its proprietary system, including trademarks, operations manuals, and approved supplies, for franchisees to develop and operate single-unit agencies or multiple units under area development agreements from fixed locations in high-traffic retail areas. The target market includes individuals and businesses seeking insurance coverage in a highly competitive industry with local, regional, and national competitors.
Franchise Costs
15% royalty on new business (30% on renewals) + up to 5% brand fund + $450/mo technology fee
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
How Veronica's Insurance Compares
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Veronica's Insurance Current | $129K – $190K | $100K | 15.0% | 9 |
| Bimbo Foods Bakeries Distribution, LLC | $14K – $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K – $609K | $30K | 5.0% | 4,500 |
| JACKSON HEWITT TAX SERVICE | $71K – $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K – $21K | $11K | 3.0% | 2,655 |
| SERVPRO (UNIT) | $259K – $380K | $100K | 10.0% | 2,286 |
Business Services Average 188 franchises | $118K – $284K | $46K | 10.4% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 188 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
Franchisee Contacts
10 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
10 Contacts Available
Unlock all Veronica's Insurance franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Veronica's Insurance franchise ranges from $129,450 to $189,600. This includes a franchise fee of $100,000. Ongoing royalty fees are 15.0% of gross sales.
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Also includes FDDs for
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