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2021 Franchise 500 Rank
#180 Ranked #153 last year
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Initial investment
$12K - $84K
Units as of 2020
166 31.7% over 3 years

Company Overview

Miami-based Estrella Insurance was founded in 1980 and began franchising in 2008. Franchisees offer insurance services including auto, home, commercial, business, boat, motorcycle and recreational vehicle insurance.

About Estrella Insurance

Related Categories
Insurance , Miscellaneous Services
Founded
1980
Leadership
Nicolas Estrella Jr., CEO

Franchising Overview

Franchising Since
2008 (13 years)
# of employees at HQ
15
Where seeking

This company is seeking new franchisees in the following US states: Arizona, California, Florida, Illinois, Texas

# of Units
166 (as of 2020)

Franchisor Information

Corporate Address
3750 W. Flagler St.
Miami, FL 33134

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Estrella 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
$10,000 - $25,000
Initial Investment
$12,250 - $84,000
Net Worth Requirement
$50,000
Cash Requirement
$50,000
Veteran Incentives
10% off franchise fee
Royalty Fee
10-14%
Ad Royalty Fee
7%
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.

In-House Financing
Estrella Insurance offers in-house financing to cover the following: franchise fee
Third Party Financing
Estrella Insurance has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, payroll

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
264 hours
Classroom Training
80 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Estrella Insurance landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Estrella Insurance ranked on other franchise lists? Find out below.

Ranked #180

Franchise 500 Ranking

Ranked #15

Top Franchises for Less Than $50,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021