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Fiesta Auto Insurance and Tax

At a Glance

Products & Services: Insurance, tax preparation

Number of Locations: 105

Total Investment: $49.7K - $105.9K

Founded: 1998

Began Franchising: 2006

About Fiesta Auto Insurance and Tax

John Rost launched Fiesta Auto Insurance and Tax in 1999 to meet a growing demand for auto insurance within underserved Hispanic and blue-collar communities in Southern California. Franchisees of the Huntington Beach-based company offer auto, home, business, rental property, boat and motorcycle insurance, as well as tax preparation services. The company allows both startup franchises and conversions of existing businesses to the Fiesta brand.

Franchise Units

Year U.S. Canadian International Company Owned
2013 105 0 0 0
2012 90 0 0 0
2011 130 0 0 1
2010 66 0 0 2
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $49,678 - $105,941
Franchise Fee: $10,000
Ongoing Royalty Fee: 15-25%
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $100,000
Liquid Cash Available: $50,000
Operations
11% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1. Absentee ownership of franchise is NOT allowed..
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: as needed.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,

Franchise Ranking History

Franchise 500®: #369 (2012), #464 (2011),
Fastest-Growing: #79 (2012), #100 (2011),
Low-Cost: #77 (2012),

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