Additional Funds for First 3 Months of Operations
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As incurred

UniVista 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
Other Businesses
Category
Other
Investment Range
$69,500 - $131,500
Total US Locations
206
Franchise Units
195
Founding Year
2013
Started Offering Franchises
2013
Management Capacity
Owner Operator
Job Count
4
Prior E2 Investors?
Yes
Prior Visa Franchise Clients?
Yes
Royalty Fee
N/A
Marketing Fee
N/A
Franchise Fee
$25,000
Headquarters (City, State)
Miami, FL
Square Footage
800 - 1200
Retail Location?
Yes
Agreement Term Length
10 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

UniVista Insurance is a family-owned and operated independent retail insurance agency that has been protecting Florida residents and businesses for over 13 years. Their mission is to provide affordable insurance products with exceptional customer service. UniVista Insurance has been operating and advertising in Florida for more than 13 years. We target underserved consumers for personal lines and commercial lines insurance sales. We are one of the largest retail insurance agencies serving the Hispanic communities. UniVista Insurance has a reputation for providing exceptional customer service and affordable insurance products.

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Management team / founders

UniVista was founded in Miami by Iván Herrera and Ania Herrera, married Cuban immigrants. Mr. Herrera, who previously worked as an auto salesman and a real-estate agent, noticed in those roles that insurance was required in every transaction. Now, with over 171 and growing franchise agencies, UniVista Insurance is one of the largest retail insurance agencies in Florida. This does not happen by chance, Univista Insurance offers low franchise entry fee, competitive commissions, training in perpetuity, in-house designed software driving efficiency and accountability, and top carriers’ appointments for all lines of insurance products.

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Focus of owner for daily business operations

As an UniVista 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
N/A
6%
6%
Marketing Fee
N/A
1%
2%
Franchise Fee
$25,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$25,000
$25,000
Upon execution of the Franchise Agreement
Closing Fee
$2,500
$2,500
Upon execution of the Franchise Agreement
Real Estate
$3,000
$15,000
Prior to opening
Tenant Improvements/ Construction Costs/
$5,000
$20,000
As arranged
Furniture, Fixtures, Equipment
$7,000
$20,000
As incurred prior to opening
Start-up Supplies / Inventory
$500
$1,000
As incurred prior to opening
Licenses and Permits
$500
$1,000
As incurred prior to opening
Insurance
$1,000
$2,000
Per insurance carrier
Opening Advertising
$5,000
$5,000
As incurred prior to opening
Travel and Living Expense while in Training
$2,000
$4,000
As incurred
Additional Funds for First 3 Months of Operations
$18,000
$36,000
As incurred
TOTAL ESTIMATED INITIAL INVESTMENT
$69,500
$131,500
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
130
167
+37
Franchised
2022
167
185
+18
N/A
2023
185
195
+10
N/A
2021
10
10
0
Company-Owned
2022
10
9
-1
N/A
2023
9
11
+2
N/A
2021
140
177
+37
Total Outlets
2022
177
194
+17
N/A
2023
194
206
+12
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
UniVista Insurance
5.4% / 50%
6.7% / 16.3%
5.1% / 11.3%
Industry median
0% / 2.9%
0.7% / 5.3%
0% / 5.6%
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
0.0
10 Year Cumulative Defaults
0.0
3 Year Predicted Default Rate
0.0
*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

UniVista Insurance, a family-owned agency in Florida with 13+ years of experience, offers a strong business opportunity. With 171+ franchise agencies, UniVista provides affordable insurance, emphasizing exceptional customer service. The business model includes a low entry fee, competitive commissions, ongoing training, efficient in-house software, and partnerships with top carriers, making it an appealing option for entrepreneurs entering the insurance sector!