Initial Inventory of Operating Supplies
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As Incurred

Freeway Insurance

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our Take
5. Additional Resources

1. Franchise Snapshot

Franchise Status
Active
Basic Information
Industry
Business & Professional Services
Category
Accounting & Insurance
Investment Range
$34,950 - $84,000
Total US Locations
562
Franchise Units
19
Founding Year
2021
Started Offering Franchises
2022
Management Capacity
Owner Operator
Job Count
N/A
Prior E2 Investors?
Yes
Prior Visa Franchise Clients?
Yes
Royalty Fee
15%
Marketing Fee
7%
Franchise Fee
$12,500
Headquarters (City, State)
Huntington Beach, CA
Square Footage
N/A - N/A
Retail Location?
Yes
Agreement Term Length
5 years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

*Information presented in these videos may change over time and may not reflect the most current franchise offering. Prospective franchisees should review the latest Franchise Disclosure Document (FDD) and consult directly with the franchisor for updated information.

2. Franchise Overview

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Overview

Freeway Insurance assists individuals in fulfilling the promise of owning their own Freeway Insurance franchise, offering solutions supported by a renowned brand and established business model. The Insurance Franchise model is meticulously designed with both the owner and customer at its core. Every initiative is aimed at fostering a partnership with franchise owners, ensuring they start off on a successful trajectory. This approach enables owners to concentrate on delivering exceptional, tailored insurance solutions to their communities. The proven model guarantees potential for expansion and instills confidence in achieving enduring financial independence.

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Management team / founders

Founded in 1987, Freeway Insurance offers customers high-quality insurance solutions and value-added products. It has grown to become one of the largest privately held insurance distribution companies in the multi-billion-dollar U.S. insurance market. The Freeway Insurance franchise boasts a dedicated team of over 2,000 agents fluent in both English and Spanish. With more than 500 office locations nationwide, Freeway Insurance stands out as a top choice among insurance franchises. In 2008, Freeway joined Confie, enhancing its position in the market. Their substantial scale and decades of industry expertise uniquely qualify them to support new franchise locations. Freeway Insurance is particularly esteemed within the Hispanic franchise community for its robust bilingual offerings.

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Focus of owner for daily business operations

As a Freeway Insurance operator, the main facets of the business entail: 1. Managing your staff; 2. Attracting and retaining clients; 3. Conducting local marketing efforts to attract and retain clients; 4. Review of financials, business metrics and marketing.

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
15%
9%
6%
Marketing Fee
7%
2%
2%
Franchise Fee
$12,500
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Fee
$10,000
$25,000
Upon signing the Franchise Agreement
Leasehold Improvements
$4,000
$12,000
As Arranged
Fixtures, Furnishings & Equipment
$4,000
$6,000
As Arranged
Signage
$2,200
$4,500
As Incurred
Computer System
$3,000
$6,000
As Incurred
Rent, Security Deposits, and Utility Deposits
$1,000
$3,200
Upon Signing Lease
Business Licenses & Permits
$500
$800
As Incurred
Professional Fees
$500
$1,000
As Incurred
Training Expenses
$500
$2,500
As Incurred
Insurance
$3,000
$5,000
As Incurred
Initial Inventory of Operating Supplies
$500
$1,000
As Incurred
Grand Opening Advertising
$500
$1,500
As Incurred
Additional Funds
$5,250
$15,500
As Incurred
Total Investment
$34,950
$84,000
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
N/A
2021
0
0
0
Franchised
2022
0
2
+2
N/A
2023
2
19
+17
N/A
2021
478
492
+14
Company-Owned
2022
492
467
-25
N/A
2023
467
543
+76
N/A
2021
478
492
+14
Total Outlets
2022
492
469
-23
N/A
2023
469
562
+93
Net Unit Growth (Recent year)
Net Unit Growth (Recent 3 years)
Franchise Health Metrics
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
Freeway Insurance
Industry median
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
10 Year Cumulative Defaults
3 Year Predicted Default Rate
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Franchisor company financial information, if disclosed by the franchisor.
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0
% of Franchisees with Completed Litigation
0
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

Freeway Insurance offers entrepreneurs a premier opportunity in the insurance franchise sector. With over 500 locations nationwide and a dedicated team of 2,000+ bilingual agents, Freeway is a top choice for franchise ownership. Backed by decades of industry leadership and support from Confie, Freeway provides a proven business model that empowers franchisees to deliver exceptional insurance solutions and achieve financial success. Join Freeway Insurance today and embark on a rewarding journey in the dynamic insurance market!