Last Updated on July 25, 2012 by DeanR
Fiesta Insurance Franchise
Fiesta Insurance is a franchise for a business providing services in tax preparation and insurances. It was founded in 1998 and started franchising in 2006.
Their Auto Insurance business is expanding rapidly and is authorized in a lot of states. They say that it all starts with the Auto Insurance and one you gain access to this, you will have the ability and access to write other personal lines of insurance like Homeowners Insurance, Motorcycle Insurance, Renters Insurance, Life Insurance, Health Insurance, and other specialty products including Workers Compensation, Professional Liability, Commercial Vehicle, and Business Owners Insurance. When it comes to tax preparation, they will help you prepare and file state personal, federal, business tax returns, and even provide bank products and file your taxes electronically. Other services they provide are notary, accounting and bookkeeping, money transfer, travel, and motor vehicle registration. They have been recognized in several forms of media like BronxTiimes, Entrepreneur Magazine’s Franchise 500, National Minority Franchising Initiative, World Franchising Network, and Inc. 500 Fastest-Growing Private Companies. They now have 93 locations in the United States and two locations that are company owned.
What are the two businesses being run in one Fiesta Insurance Franchise?
First is the Fiesta Auto Insurance. They offer different lines of insurance. You have the option to either use your existing office to add more products to your services or open a new location with every product to help you be profitable. This business offers competitive rates and attractive commissions, office automation, no need for E & O Insurance, and no accounting headaches. The other business is the Fiesta Tax Service. This business has been able to add revenue to current franchises. They have all the services offered by bigger companies but their services cost less. They can offer Instant Refund Anticipation Loans, Refund Anticipation Checks, and next day Refund Anticipation Loans. Each franchise would offers federal and state forms for business filings and personal filings. This business has a state of the art preparation software, office automation, , and refund anticipation loans. Both business sides of Fiesta Insurance Franchise offers marketing expertise, training and operational support, and site selection assistance.
Cost and requirements on running a Fiesta Insurance Franchise
You need to have a total liquid asset of at least $50,000. Expect to be investing about $18,000 to $81,000. The Fiesta Insurance franchise fee is $10,000 with an on-going royalty fee of 15% to 25%. This is for a renewable five year term agreement. They have options for kiosk or express stores. They require a general business experience and industry experience. You will need only one employee to run one location. They allow multi-unit ownership and absentee ownership.
There will be one week training at the headquarters and trainings at our location as needed. You will be receiving newsletters and a toll free phone number. You will be given access to the internet and to assistance at the grand opening. Expect to be attending meetings and receiving occasional field evaluations to check on your progress. For marketing support, there will be ad slicks, co-op advertising, and regional advertising.
Fiesta Insurance Contact Details
You may reach them at:
Address: 16162 Beach Blvd., #100 Huntington Beach, California 92647
Phone: (714)842-5420