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Entrepreneur: Start & Grow Your Business

FedUSA Franchising Group Inc.

Insurance & financial services

Background

Founded: 2000 Franchising since: 2001
8960 Taft St.
Pembroke Pines, Florida 33024
Phone:
(954)443-0227


Franchisor is a publicly-held company with 120 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 35 0 0 163
2006 33 0 0 181
2005 46 0 0 178

Where Seeking Franchisees
In the U.S. Florida, Texas, United states

Exclusive territories available.
Territory size: By cities, counties, or states

Costs and Fees

Total investment: $29K-74K
Franchise fee: $19.5K/5K
Ongoing royalty fee: Varies
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $75K
Cash liquidity requirement: $20K
Business Experience:
  • General business experience
  • 2-20 P&C License; ability to manage finances; must enjoy dealing with the public

Operations
  • 25% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 1 - 4
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week
  • At designated training facility : 3 weeks

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising

Other marketing support
  • Local marketing

Rankings

Franchise 500® rank:
#356 (2006); #400 (2005);

Low-Cost Franchises:
#95 (2006); #113 (2005);

Top New Ranking:
#22 (2006); #33 (2005);