Veronica's Insurance Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Veronica's Insurance is an auto insurance agency franchise serving the Hispanic market with affordable coverage. Franchisees run local offices, selling and servicing policies and managing renewals and customer relationships.
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). FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2024 FDD issuance
Overview
- Investment
- $129K – $190K
- 75th pct Financial Ser…
- Avg gross sales
- N/A
- Royalty
- 15.0%
- 32nd pct Financial Ser…
- Units
- 45
- 41st pct Financial Ser…
- SBA charge-off
- N/A
Quick verdict · Financial Services · color = vs category peers
Green = favorable by >10% vs Financial Services avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $129K – $190K including a $100K franchise fee, 15.0% ongoing royalty.
- RETURNSNo Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- RISKVerdict B (Above average), verdict score 51/100 (higher is better).
- FLAG9 units terminated last reporting year (20.0% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Veronica's Insurance Franchise, LLC
- CEO title
- Chief Executive Officer
- Veronica Gallardo
- Incorporated in
- Delaware
- 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
- CEO
- Veronica Gallardo
- Headquarters
- CA
- Founded
- 2019
- FDD year
- 2024
- States available
- 3
Can you afford it, and what does the money buy?
Entry cost runs 22% above the typical financial services franchise.
Source: FDD 2024 · Items 5–7
Full Item 7 breakdown14 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
- Bottom third — review vs category
- Liquid capital req'd
- $5K – $25K
- Top 40% of category vs category
- Franchise fee
- $100K – $100K
- Bottom third — review 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 |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Veronica's Insurance did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Veronica's Insurance unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
13%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2024 FDD
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 20.0% — above the Financial Services average of 17.0%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System expanding at 28.6% CAGR over 3 years across 45 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Financial Services averages
How Veronica's Insurance Compares
Is the system healthy?
Source: FDD 2024 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 45
- Opened
- 9
- Last reporting year
- Closed
- 0
- Terminated
- 9
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 100.0%
- Company-owned
- 36
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
- Net growth (3-yr)
- +28.6%
- Net unit change over 3 years
- 3-yr CAGR
- +28.6%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 9
- Closed (3yr)
- 0
- Terminated (3yr)
- 9
- 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 12 · 3 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
3
states with franchisees (per FDD Item 12)
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
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.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Insurance-agency franchisor (45 units, began 2020) with negative net worth -$564,063 despite small positive income $13,292. Franchised units only 9 vs 36 company-owned, and turnover rate is 100% (1.0). Financial distress flagged and no Item 19. Multiple concerns stacked.
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 51 / 100 verdict
- 01MINORNegative net worth -$564,063
- 02MINORTurnover rate 100% (1.0)
- 03MINOROnly 9 franchised units of 45
- 04MINORFinancial distress flag, no Item 19
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 20.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2024 · Items 11, 12, 17
FDD Items 12, 15, 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
22 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 Item 19 in the Veronica's Insurance FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Veronica's Insurance FDD and qualifies whose outlets they describe.
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 9 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 B-grade franchise with a verdict score of 51 out of 100 (higher is better), 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
Are you the franchisor?
If you represent Veronica's Insurance, you can request corrections or provide updated information.
Other Financial Services franchises
Compare similar franchise opportunities in the Financial Services category
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.