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

Why this franchise?
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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?
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Prior Visa Franchise Clients?
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Royalty Fee
15%
Marketing Fee
8%
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.

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
Franchise Fee
$12,500
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Fee
$7,524
$8,079
Upon signing the Franchise Agreement
Leasehold Improvements
$7,524
$8,079
As Arranged
Fixtures, Furnishings & Equipment
$7,524
$8,079
As Arranged
Fixtures, Furnishings & Equipment
$7,524
$8,079
As Incurred
Computer System
$7,524
$8,079
As Incurred
Rent, Security Deposits, and Utility Deposits
$7,524
$8,079
Upon Signing Lease
Business Licenses & Permits
$7,524
$8,079
As Incurred
Professional Fees
$7,524
$8,079
As Incurred
Training Expenses
$7,524
$7,524
As Incurred
Insurance
$7,524
$8,079
As Incurred
Grand Opening Advertising
$7,524
$8,079
As Incurred
Additional Funds
$7,524
$8,079
As Incurred
Total Investment
$7,524
$8,079
$7,524
$8,079
$7,524
$8,079
$7,524
$8,079
$7,524
$8,079
$7,524
$8,079
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
0
0
0
Franchised
2022
0
0
+17
2023
0
19
+17
2021
492
492
+17
Company/Affiliate -Owned
2022
492
467
-25
2023
467
543
+76
2021
478
492
+14
2022
492
469
-23
2023
469
562
+93
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
0,00%
10 Year Cumulative Defaults
0,00%
3 Year Predicted Default Rate
0,00%
*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.