Estrella Insurance vs Veronica's Insurance Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Estrella Insurance vs Veronica's Insurance including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Estrella Insurance Franchise
Veronica's Insurance Franchise
Investment $12,250 - $84,000 $23,700 - $201,600
Franchise Fee $10,000 - $25,000 $25,000
Royalty Fee 10% - 14% 15%/25%
Advertising Fee 7% 2%
Year Founded 1988 2019
Year Franchised 1997 2020
Term Of Agreement 10 years -
Term Of Agreement 10 years -
Renewal Fee - -


Business Experience Requirements

 
Estrella Insurance Franchise
Veronica's Insurance Franchise
Experience - -

Financing Options

 
Estrella Insurance Franchise
Veronica's Insurance Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees Yes/- -/-
Start-up Costs -/Yes -/-
Equipment -/- -/-
Inventory -/- -/-
Receivables -/- -/-
Payroll -/- -/-

Training & Support

 
Estrella Insurance Franchise
Veronica's Insurance Franchise
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

 
Estrella Insurance Franchise
Veronica's Insurance Franchise
US Expansion - Yes
Canada Expansion - -
International Expansion - -

Start-Up Costs and Fees Mobile

Investment
Estrella Insurance Franchise
$12,250 - $84,000
Veronica's Insurance Franchise
$23,700 - $201,600
Franchise Fee
Estrella Insurance Franchise
$10,000 - $25,000
Veronica's Insurance Franchise
$25,000
Royalty Fee
Estrella Insurance Franchise
10% - 14%
Veronica's Insurance Franchise
15%/25%
Advertising Fee
Estrella Insurance Franchise
7%
Veronica's Insurance Franchise
2%
Year Founded
Estrella Insurance Franchise
1988
Veronica's Insurance Franchise
2019
Year Franchised
Estrella Insurance Franchise
1997
Veronica's Insurance Franchise
2020
Term Of Agreement
Estrella Insurance Franchise
10 years
Veronica's Insurance Franchise
-
Renewal Fee
Estrella Insurance Franchise
-
Veronica's Insurance Franchise
-


Business Experience Requirements

Experience
Estrella Insurance Franchise
-
Veronica's Insurance Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Estrella Insurance Franchise
Yes/-
Veronica's Insurance Franchise
-/-
Start-up Costs
Estrella Insurance Franchise
-/Yes
Veronica's Insurance Franchise
-/-
Equipment
Estrella Insurance Franchise
-/-
Veronica's Insurance Franchise
-/-
Inventory
Estrella Insurance Franchise
-/-
Veronica's Insurance Franchise
-/-
Receivables
Estrella Insurance Franchise
-/-
Veronica's Insurance Franchise
-/-
Payroll
Estrella Insurance Franchise
-/-
Veronica's Insurance Franchise
-/-

Training & Support

Training
Estrella Insurance Franchise
On-The-Job Training: 264 hours Classroom Training: 80 hours
Veronica's Insurance Franchise
-
Support
Estrella Insurance Franchise
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
Veronica's Insurance Franchise
-
Marketing
Estrella Insurance Franchise
Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Veronica's Insurance Franchise
-
Operations
Estrella Insurance Franchise
-
Veronica's Insurance Franchise
-

Expansion Plans

US Expansion
Estrella Insurance Franchise
-
Veronica's Insurance Franchise
Yes
Canada Expansion
Estrella Insurance Franchise
-
Veronica's Insurance Franchise
-
International Expansion
Estrella Insurance Franchise
-
Veronica's Insurance Franchise
-

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 Veronica's Insurance

"Veronicas

Veronica’s Insurance is an insurance agency and brokerage that provides insurance products and services in the fields of property, casualty, vehicle, home, boat, RV, business, commercial, and renter’s insurance. Veronica’s Insurance offers two types of individual unit Agency franchises: an agency employing up to two agents providing services from a professional office; and a retail agency employing multiple Agents from a retail location.Veronica’s Insurance permit their Retail Agencies to operate from a stand-alone location or a location that is co-branded as a Toro Taxes and operated in accordance with our Co-Branding Addenda. They also offer area development franchises for the development of multiple Agencies and a conversion program for qualified owners of existing insurance agencies.
 - Servicing the fastest growing population base in the country… the Latino population
- An established and recognized brand in the industry 
- Competitive low investment costs and fees 
- A business that is desired to thrive in any economy 
- Year-round franchisee support
- Year-round customer service call center for your clients

The initial investment necessary to begin operation of an Office Agency under a franchise agreement ranges from $23,700 - $50,500. This includes $14,000 to $18,500 that must be paid to Veronica’s Insurance or its affiliates.
The initial investment necessary to begin operation of a Retail Agency under a franchise agreement ranges from $51,450 to $111,600. This includes $32,850 to $34,350 that must be paid to Veronica’s Insurance or its affiliates.
The initial investment necessary to begin operation of an Agency under a multi unit development agreement depends on the number of Agencies that you are authorized to develop and ranges from $90,450 - $201,600. This includes $25,000 that must be paid to Veronica’s Insurance or its affiliates for your first Agency and a development fee of $10,000 for each additional Agency that you are authorized to establish under the multi-unit development agreement.