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Updated RecentlyGoosehead Insurance Agency vs Veronica's Insurance Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Goosehead Insurance Agency vs Veronica's 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 | $41,500 - $116,500 | $23,700 - $201,600 |
| Franchise Fee | $25,000 - $60,000 | $25,000 |
| Royalty Fee | 20%-50% | 15%/25% |
| Advertising Fee | - | 2% |
| Year Founded | 2003 | 2019 |
| Year Franchised | 2011 | 2020 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | Classroom Training: 86 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 | Ad Templates Social media SEO Website development Email marketing | - |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 1 | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Goosehead Insurance Agency
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Come Fly with us.
Why are so many franchisees joining Goosehead? Because we make it easy for agents to grow their businesses.
The Goosehead model empowers agents to drive a high volume of quality leads at a fraction of the client
acquisition costs of our competitors. Our service teams handle all support functions, so franchisees can concentrate on building their books while delivering an outstanding client experience.
#129 in Franchise 500 for 2020.
About Veronica's Insurance
!["Veronicas]("https://fddexchange.com/wp-content/uploads/2020/02/Veronicas-Insurance-300x74.png")
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.