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.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
15% royalty on new business (30% on renewals) + up to 5% brand fund + $450/mo technology fee
Franchise Stats
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 to Other Business Services Franchises
| Franchise | Investment Range | Franchise 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 187 franchises | $118K - $285K | $46K | 10.4% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 187 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
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a Veronica's Insurance franchise?
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.
How many Veronica's Insurance franchise locations are there?
As of the 2024 FDD, Veronica's Insurance has 9 franchise locations. The company has been franchising since 2020.
Is Veronica's Insurance a good franchise to buy?
Whether Veronica's Insurance is a good franchise investment depends on your personal goals, available capital, and local market conditions. We recommend reviewing the full FDD, speaking with existing franchisees listed in Item 20, and consulting with a franchise attorney before making a decision.
Interested in Veronica's Insurance?
Talk to a franchise advisor to get personalized guidance and learn if Veronica's Insurance is the right fit for you.
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