Veronica’s Insurance
Business & Professional Services · Financial Advisory
- Active units
- 9
- Royalty
- 15.0%
Franchised, year-end 2023
of weekly Net Sales
About Veronica’s Insurance
Detailed brand overview is not available yet for this profile.
Key terms
- Franchise fee
$100k
- Conversion of Existing Insurance Business
Discount on first Agency Initial Franchise Fee based on prior year Gross Sales: $125,000–$250,000.99 = 25%; $250,001–$325,000.99 = 40%; $325,001–$450,000.99 = 60%; $450,001+ = 100%
- In-Term Additional Territory
25% discount on the Initial Franchise Fee for each subsequent Franchise Agreement entered during the term (subject to approval and compliance)
- Brand fund
5.0% of Net Sales
- Local advertising
5.0% of Net Sales
- Footprint
1,000 – 1,200 sq ft
- Multi-Unit Development Agreement
$90k
- Veteran discount
Not offered
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2024 filing).
Growth
- Total locations9
Franchised units open at year-end
- New openings9
Gross new units opened during the calendar year
- 1-year unit growth rate0.0%
Net unit growth versus prior year
- 3-year unit CAGR13.4%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio1.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$160k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open4 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate15.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 7 of 9 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.