Veronica's InsuranceFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Veronica's Insurance franchise requires a total initial investment of $129K – $190K, including a $100K franchise fee and an ongoing 15.0% royalty[2]. The 2024 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: C. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $129K – $190K
- 61st pct Financial Ser…
- Avg gross sales
- N/A
- 30th pct Financial Ser…
- Royalty
- 15.0%
- 30th pct Financial Ser…
- Units
- 45
- 33rd pct Financial Ser…
- SBA default
- N/A
Quick verdict · Financial Services · color = vs category peers
Green = >15% above Financial Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- Total investment $129K – $190K including a $100K franchise fee, 15.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict C (Average) with a risk score of 65/100.
- System growing at 28.6% CAGR over 3 years with 45 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Veronica’s Insurance Franchise, LLC
- Incorporated in
- DE
- HQ
- 3998 Inland Empire Boulevard, Ontario, California 91764
- Auditor
- Frisbey, Carter and Associates
- Audited financials
- Franchisor revenue
- $587K
- vs $652K prior year
Affiliated brands
- Getmore Media
- is the owner of the Licensed Marks
- provides marketing services to franchisees
- maintains a pr
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Veronica's Insurance franchisees operate insurance agencies selling policies (likely P&C, health, or life insurance) through direct sales, customer retention, and renewal management. Day-to-day activities include client acquisition, policy underwriting support, customer service, and maintaining relationships with carriers. Revenue is commission-based on new and renewal policies sold within a protected territory.
- CEO
- Veronica Gallardo
- Headquarters
- CA
- Founded
- 2019
- FDD year
- 2024
- States available
- 3
FDD Item 7 · 2024 filing · 14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $100K | $100K | |
| Construction and Leasehold Improvements | $2K | $7K | |
| Lease Deposits - Three Months | $2K | $6K | |
| Furniture, Fixtures and Equipment | $2K | $7K | |
| Signage | $1K | $7K | |
| Computer, Software and Point of Sale System | $6K | $12K | |
| Grand Opening Marketing | $6K | $6K | |
| Initial Inventory | $3K | $4K | |
| Utility Deposits | $500 | $1K | |
| Insurance Deposits - Three Months | $2K | $5K | |
| Travel for Initial Training | $500 | $3K | |
| Professional Fees | $1K | $5K | |
| Licenses and Permits | $100 | $2K | |
| Additional Funds - Three Months | $5K | $25K | |
| Total initial investment | $129K | $190K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $129K – $190K
- Near category avg vs category
- Liquid capital req'd
- $5K – $25K
- Better than avg vs category
- Franchise fee
- $100K – $100K
- Near category avg vs category
- Royalty
- 15.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 5.0%
- typical 3–5%
- Total fee load
- 20.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 15.0% of gross sales |
| Marketing / ad fund | 5.0% of gross sales |
| Technology fee | $450 |
| Transfer fee | $40K |
| Renewal fee | $15K |
| Inventory (initial) | $3K – $4K |
| Total fee load | 20.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Financial Services averages
How Veronica's Insurance Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 45
- Opened
- 9
- Last reporting year
- Closed
- 9
- Turnover rate
- 20.0%
- Company-owned
- 36
- Corporate units in the system
- % franchised
- 20%
- vs corporate-owned
- Net growth (yr3)
- +0.0%
- Net unit change last year
- 3-yr CAGR
- +28.6%
- Compounded over last 3 years
3-year detail · Item 20
- Closed (3yr)
- 0
- Terminated (3yr)
- 5
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Termination rate
- 11.1%
- Franchisor-initiated terminations
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 3 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Small franchise system with undisclosed unit economics, extreme renewal royalties, and no financial transparency makes this a high-risk, speculative investment requiring extensive franchisor and franchisee validation before commitment.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $450,001
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Frisbey, Carter and Associates
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 65 / 100 rating
- 01MEDNo average revenue or net income disclosed (Item 19) — impossible to assess ROI on $129k-$189k investment
- 02MINORExtremely high royalty on renewal business (30%) creates ongoing margin pressure and incentivizes churn
- 03MEDOnly 45 units systemwide with unknown growth trajectory — suggests limited scale and market validation
- 04HIGHGoing Concern status is FALSE — unclear if this means franchisor has liquidity/viability concerns
- 05MINOR5-year term is relatively short; unclear renewal terms and post-expiration non-compete enforceability
- 06MINORSignificant spread between new business (15%) and renewal (30%) royalties creates accounting complexity and potential disputes
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius and Population |
| Protected territory | Yes |
| Territory population | 20,000 |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 66 hrs
- On-the-job training
- 16 hrs
- Training location
- On-site and corporate
- Site selection
- joint
- POS system
- Veronica's CRM
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Veronica's CRM
Item 20 · call current owners
Franchisee Contacts
21 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Veronica's Insurance · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Veronica's Insurance franchise?
The total investment to open a Veronica's Insurance franchise ranges from $129K – $190K, with an initial franchise fee of $100K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Veronica's Insurance franchise owners earn?
Veronica's Insurance does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Veronica's Insurance's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Veronica's Insurance (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Veronica's Insurance franchise locations are there?
As of their most recent FDD filing, Veronica's Insurance has 45 total units in the United States, including 6 franchised units and 36 company-owned units. 9 new units were opened in the latest reporting year.
Is Veronica's Insurance a good franchise to buy?
FranchiseVerdict rates Veronica's Insurance as a C-grade franchise with a risk score of 65 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.