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Updated RecentlyEstrella Insurance vs Nationwide Insurance Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Estrella Insurance vs Nationwide Insurance including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $12,250 - $84,000 | $25,000 - $50,000 |
| Franchise Fee | $10,000 - $25,000 | N/A |
| Royalty Fee | 10% - 14% | - |
| Advertising Fee | 7% | - |
| Year Founded | 1988 | - |
| Year Franchised | 1997 | - |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/- | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | On-The-Job Training: 264 hours Classroom Training: 80 hours | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Estrella Insurance
For over 30 years Estrella Insurance has provided our customers with exceptional
service and a professional atmosphere. With more than 135 locations in
Florida, California, Arizona, Ohio and soon to be in Texas; we are
dedicated to the continued success of our franchisees. Estrella Insurance Franchise owners
are assisted in every step prior to opening as well as the continual
support from our management staff. Extensive training is provided
periodically to enhance the owner's ability to maximize the income
potential, Estrella Insurance provides operations agency visits. We have developed a
strong relationship with many major insurance companies giving us an
edge above the competition allowing our owners to provide quality to our
clients. In addition, Estrella Insurance provides superior Marketing and Advertising in
both Spanish and English languages including all media such as TV,
radio, outdoor and most importantly the internet, even though our most
successful campaign are referrals from satisfied customers.
Veteran Incentives 10% off franchise fee
#153 in Franchise 500 for 2020.About Nationwide Insurance
NO LONGER FRANCHISING
Have you dreamed of starting a business? If you've dared to even think
about starting your own business, you undoubtedly have the drive and
skills it takes to do it. Still, you may have found yourself wondering:
Do I have enough experience?
Do I really have the resources?
Nationwide
Insurance offers several agency programs that help match you with
challenging, yet rewarding opportunities to determine your destiny,
income potential and career growth. We offer a competitive base salary,
plus bonus and commissions that can put you in the driver's seat.
Why Nationwide? When you choose to work with Nationwide, you choose more than an insurance company:
History
and reputation. You join a Fortune 200 company that's been hard at work
since 1925 and is known today as one of the world's largest insurance
and financial services companies.
Security. You have an A.M. Best A+
rated company behind you, with a proven track of excellence, more than
16 million policies and 35,000 associates.
Choice. You have access to a wide variety of products and services that will help you meet the diverse needs of your customers.
How it works?
Applying.
After a few interviews, you'll have the opportunity to spend a day in
an agent's office, so you get a firsthand view of what a Nationwide
agent's day-to-day career is like. Then we'll work together to decide if
the program is right for you.
Starting out. You'll work as an
employee in an established Nationwide office for 6- 24 months. During
this time we offer a competitive base salary, plus a performance-based
bonus and commissions.
Moving forward. After successfully completing
the program, you'll be eligible to participate in a more advanced agent
program, which will allow you to work more independently. And because we
know that launching a new business can be costly to get started, the
advanced agent programs are supplemented by additional financial
resources for which you may be qualified.
What you get?
Management
and marketing support. You need a team to run a business well. That's
why we provide you the support of a sales manager, technical trainer,
financial services specialist and/or sales support specialist-all people
who will help you do what you do better. We also help you to spread
awareness of your services through advertising and other marketing
support.
Compensation. To make owning a small business worth the
investment, it needs to be rewarding-and that's why we offer an
attractive compensation structure with a base salary and
performance-based bonus and commissions.