Fiesta Insurance

Professional Services Business-Related

Franchise Summary

Description

Fiesta Insurance Franchise Corporation grants franchises for businesses which sell insurance policies andprovide retail tax return preparation services and electronic tax return filing and which may offer otheradditional services we designate under the "FIESTA" trade name and service mark.

Company Background

Fiesta Insurance Franchise Corporation is an insurance company that offers franchises to businesses who sell policies and provide tax preparation services. The company may offer other services under the Fiesta trade name and service mark.

Franchise Opportunity

If you're an insurance agent, it can be hard to stand out from the crowd. We all know that having a great product is only part of what it takes to make money in this business. You also need good marketing and sales skills. Fiesta Insurance Franchise Corporation makes it easy for you to get started with your own insurance agency by providing everything you need including training, support and access to our network of existing customers. Our franchisees enjoy success because we provide them with a proven system and ongoing coaching so they can focus on serving their clients instead of worrying about how they are going to sell more policies next month.

Corporate Structure

Fiesta Insurance Franchise Corporation was incorporated in Delaware on March 31, 2006. Their principal business address is 3755 Breakthrough Way, Suite #205, Las Vegas, Nevada 89135.

Investment and Franchisee Fees

The total investment necessary to begin operation of a Single Business Program is $$49,662 – $107,458. This includes $13,500 that must be paid to the franchisor.

Royalties and Marketing Fees

Royalties : The amount we designate and require, which is currently $200 per calendar month, and which will not exceed $500 per calendar month. The discount of the Monthly Marketing Fund Contribution will not apply to the Monthly Digital Marketing Fund Contribution. We will retain the amount we designate and require (the ?Monthly Marketing Contribution?), which is currently $1,200 per calendar month in California, but will not exceed $2,000 per calendar month for any Fiesta franchisee.

Royalties : New Fiesta franchisees are entitled to a one?time discount in the amount of the Monthly Marketing Contribution during the first year after the opening of a Franchised Business: Months 1 ? 6: No Monthly Advertising Contribution Months 7 ? 12: 50% of Monthly Advertising Contribution Months 13+: 100% of Monthly Marketing Contribution

Earnings Transparency

4 /10

This Franchise discloses slightly less information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?

There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Employee Contact Database

#	Name	Position	Phone Number	Email Address

Distribution of Fiesta Insurance Franchisees

Fiesta Insurance Franchise System Development in 2020

FAQ

How much investment do I need to start my own Fiesta Insurance business?

Franchisees typically require at least $197 to $48 investment to get their Fiesta Insurance business started

What are the initial franchise fees for Fiesta Insurance?

Franchisees typically need to pay at least $18 in fees directly to Fiesta Insurance in order to earn the right to launch their business

How much money can I make with a Fiesta Insurance franchise? What are the average revenues for a typical Fiesta Insurance business?

We haven’t done the math on how much revenue a typical Fiesta Insurance brings in each year. We estimate that other franchisees in the Professional Services industry generate $952,375 revenue, so we would expect Fiesta Insurance to generate a similar amount

How long do I need to commit to running a Fiesta Insurance unit? What is my contractual commitment?

The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

10 /10

The Franchisor's investment costs ranges from $19,500 to $62,000 which is Much Lower than the $0 to $0 average in the Business-Related industry

What determines the investment cost?

Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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