
Pronto Insurance
Insurance- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$43K - $111K
- Units as of 2021
-
209 19% over 3 years
Founded by the Varela family in 1997, Pronto Insurance is a one-stop shop for different types of insurance coverage. Pronto Insurance provides insurance solutions for homeowners, renters, mobile homes, automobiles, RVs, and motorcycles. They also cover watercraft and roadside and commercial insurance.
Since the company started franchising in 2009, Pronto Insurance has grown to over 200 locations in the U.S, but only in a few states, including Texas, California, and Florida. Furthermore, over 150 of the Pronto Insurance locations are corporate-owned. Pronto Insurance is looking to grow its franchising brand beyond these states.
Why You May Want to Start a Pronto Insurance Franchise
An ideal franchisee does not necessarily need to have previous experience in the insurance industry. The company usually provides training. However, a franchisee should possess excellent sales and customer service skills. They should also be genuinely interested in community involvement.
Franchisees with Pronto Insurance are in charge of franchise operations and are expected to ensure that customer service is top-notch. Customer perks may include convenient hours and drive-thru windows to talk to agents and make payments. These unique services may help build a relationship between the franchise and its surrounding community.
Pronto Insurance may support franchisees with insurance products, competitive pricing, quick build locations, and strong brand awareness. They may also provide marketing materials and executive support. Franchisee training takes place in the classroom and on-the-job at company headquarters in Brownsville, Texas.
What Might Make a Pronto Insurance Franchise a Good Choice?
Pronto Insurance has been ranked in Entrepreneur's Franchise 500 multiple times in recent years. This ranking is based on an evaluation of more than 150 data points covering costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
Pronto Insurance has a good reputation and a considerable market segment. Investing in the franchise may have a more predictable outcome than investing in a completely new brand. Newer brands may struggle to thrive in a crowded and competitive industry.
To be part of the Pronto Insurance team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. As a franchisee, you may be given the option to either own single or multiple units.
How To Open a Pronto Insurance Franchise
As you decide if opening a Pronto Insurance franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Pronto Insurance franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Pronto Insurance franchising team questions.
Company Overview
About Pronto Insurance
- Industry
- Financial Services
- Related Categories
- Insurance , Tax Services, Miscellaneous Financial Services
- Founded
- 1997
- Parent Company
- Pronto Holdco LLC
- Leadership
- Jorge Barcena, CEO
- Corporate Address
-
805 Media Luna St.
Brownsville, TX 78520
Business Overview
- Franchising Since
- 2009 (2023-2009 years)
- # of employees at HQ
- 400
- Where seeking
-
This company is offering new franchisees in the following US states: Arizona, California, Colorado, Florida, Georgia, New Mexico, Nevada, Oklahoma, Texas, Utah
- # of Units
- 209 (as of 2021)
Information for Franchisees
Here's what you need to know if you're interested in opening a Pronto Insurance franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
-
Initial Franchise Fee
Information Circle - $10,000 - $30,000
-
Initial Investment
Information Circle - $42,925 - $110,950
-
Net Worth Requirement
Information Circle - $200,000 - $300,000
-
Cash Requirement
Information Circle - $80,000 - $150,000
-
Veteran Incentives
Information Circle - 25% off franchise fee
-
Term of Agreement
Information Circle - 5 years
- Is franchise term renewable?
- Yes
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 37 hours
- Classroom Training
- 38.5 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesRegional AdvertisingSocial MediaWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
-
Can this franchise be run from home/mobile unit?
Information Circle - No
-
Can this franchise be run part time?
Information Circle - No
- # of employees required to run
- 1
-
Are exclusive territories available?
Information Circle - Yes
Interested in ownership opportunities like Pronto Insurance? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Pronto Insurance landed on this year's Franchise 500 Ranking versus previous years.
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