Additional Funds – 3 months
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As incurred

Fiesta Insurance

1. Franchise Snapshot

Why this franchise?
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Franchise Status
Active
Basic Information
Industry
Business & Professional Services
Category
Accounting & Insurance
Investment Range
$88,052 - $171,749
Total US Locations
219
Franchise Units
219
Founding Year
1998
Started Offering Franchises
2007
Management Capacity
Owner Operator
Job Count
17
Prior E2 Investors?
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Prior Visa Franchise Clients?
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Royalty Fee
25%
Marketing Fee
N/A
Franchise Fee
$25,000
Headquarters (City, State)
Las Vegas, NV
Square Footage
750 - 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.

2. Franchise Overview

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Overview

Fiesta Auto Insurance began its operations back in 1999. They offer over 40 of the top insurance carriers at the most competitive prices available. They can offer coverage for auto, home, business, rental property, boat, motorcycle and anything else that an individual might need protected. All Fiesta Auto Insurance offices also offer income tax preparation services. Their team of professionals will ask the client questions to accurately determine their tax liability, identify all the deductions they are entitled to, and work to get them the biggest refund.

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Management team / founders

Founded as four company-owned retail agencies in 1999 and converted to a franchisor model in 2006, Fiesta now has over 100 franchisees operating approximately 200 retail stores in 9 states. Fiesta is headquartered in Las Vegas, NV and continues to be managed by its founder and CEO, John Rost. Fiesta’s management team helps franchisees from the moment they sign the agreement, to site selection, marketing plans, training and opening.

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Focus of owner for daily business operations

As a Fiesta 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
27%
8%
8%
Marketing Fee
Franchise Fee
$25,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$5,329
$8,608
When you sign your Franchise Agreement
Travel & Living Expenses While
$5,329
$8,608
During Training
Real Estate & Improvements
$5,329
$8,608
Before Opening and as incurred
Real Estate & Improvements
$5,329
$8,608
Before Opening
Computer Equipment
$5,329
$8,608
Before Opening
Signs
$5,329
$8,608
Before Opening
Insurance Coverage
$5,329
$8,608
Before Opening and as arranged
Miscellaneous Opening Costs
$5,329
$8,608
Before Opening
Marketing Package Fee
$5,329
$5,329
Before Opening
Policy Management Software Licensing Fee; Insurance Rating Software Licensing Fee
$5,329
$8,608
Fees for first month payable after opening
TOTAL ESTIMATED
$5,329
$8,608
$5,329
$8,608
$5,329
$8,608
$5,329
$8,608
$5,329
$8,608
$5,329
$8,608
$5,329
$8,608
$5,329
$8,608
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
2021
+31
216
247
Franchised
2022
247
247
-29
2023
247
219
-29
2021
0
0
-29
Company-Owned
2022
0
0
0
2023
0
0
0
2021
216
247
+31
2022
247
248
+1
2023
248
219
-29
Total Outlets
-
-
-
-
-
-
-
-
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
0
0
0
0
0
0
0
0
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
Historical financial performance representations
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

*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.