Veronica’s Insurance FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is for Veronica’s Insurance, an insurance agency and brokerage that provides insurance products and services including property, casualty, vehicle, home, boat, RV, business, commercial and renter’s insurance, and other products and services. The franchisor offers individual unit Agency franchises and area development franchises for the development of multiple Agencies within a designated territory.
Corporate Information
Veronica’s Insurance Franchise, LLC is a Delaware Limited Liability Company established on August 6, 2019. Their business address is 3998 Inland Empire Boulevard, Ontario, California 91764. They have first begun offering franchises in January 2020.
Investment
The total investment necessary to begin operation of a Veronica’s Insurance Agency under a franchise agreement is $79,450 to $139,600. This includes $59,350 to $59,600 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of a Veronica’s Insurance Agency under a multi-unit development agreement is $199,450 for three Agencies to $539,600 for 10 Agencies. This includes $59,350 to $59,600 that must be paid to the franchisor or its affiliates, along with a $40,000 development fee for each additional Agency established under the multi-unit development agreement.
