Pronto Insurance vs Veronica's Insurance Franchise Comparison

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

Start-Up Costs and Fees

 
Pronto Insurance Franchise
Veronica's Insurance Franchise
Investment $52,925 - $120,950$23,700 - $201,600
Franchise Fee $20,000 - $40,000$25,000
Royalty Fee -15%/25%
Advertising Fee -2%
Year Founded 19972019
Year Franchised 20092020
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Pronto Insurance Franchise
Veronica's Insurance Franchise
Experience I am goal-oriented. I want to get in on the ground floor of an exciting business opportunity. I have transferable business experience and believe in excellence. I am passionate about my community. -

Financing Options

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

Training & Support

 
Pronto Insurance Franchise
Veronica's Insurance Franchise
Training On-The-Job Training: 37 hours Classroom Training: 34.5 hours -
Support Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
Marketing Regional Advertising Website development -
Operations --

Expansion Plans

 
Pronto Insurance Franchise
Veronica's Insurance Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About Pronto Insurance

Pronto Insurance was founded by the Varela family, who opened their first location in 1997 and began franchising in Texas in 2009. Since then, we’ve grown to 140+ locations throughout Texas. Pronto Insurance offers  our value-focused customers a whole new way to buy non-standard insurance. Our high profile retail locations give customers what they want: great prices, friendly customer service, and fast, efficient service. Pronto Insurance's Franchise Owners are recognized in the communities they serve, and our business is recognized nationally as a great franchise to own, and one of the Top 50 Franchises for Minorities.

Our Franchise Owners are “people persons” with strong business skills and a drive to succeed. If you love networking in your community and are passionate about making a difference, we want to talk to you. You don’t need experience selling insurance, we will train you. Pronto Insurance is a family-owned business that treats our Franchise Owners like family. We value hard work, and once the work is done, we love to join together and have fun.

Veteran Incentives  25% off franchise fee

"Entrepreneur
#419 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.