- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$42K - $63K
- Units as of 2023
-
2
Company Overview
About Top Coverage Insurance
Industry | Financial Services |
---|---|
Related Categories | Insurance |
Founded | 2017 |
Leadership | Adrian Rodriguez Salmon, CEO |
Corporate Address |
3461 N.E. 4th Ave. Boca Raton, FL 33431 |
Business Overview
Franchising Since | 2023 (1 years) |
---|---|
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
# of Units | 2 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Top Coverage 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
|
$25,000 |
---|---|
Initial Investment
|
$42,250 - $62,500 |
Royalty Fee
|
15% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Top Coverage Insurance has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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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 | 36 hours |
---|---|
Classroom Training | 22 hours |
Ongoing Support |
Grand Opening
Site Selection
|
Marketing Support |
Social Media
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
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